【$FIL Signal】Pullback to go long! 1H RSI bottom divergence, 4H key support zone lurking

$FIL The 1H timeframe is oscillating and building a bottom within the 0.945-0.971 range, with the current price at 0.966 testing the 1H EMA20 resistance. Key signal: 1H RSI (44.27) shows bottom divergence, with the price making a new low but RSI not confirming a new low, and the latest 1-hour candlestick shows buy volume at 57%, indicating buying pressure is starting to emerge below. Although the 4H timeframe is in a downtrend, it has touched the previous dense trading zone (0.95-0.96). Open interest (OI) remains stable rather than decreasing, suggesting the decline is not driven by major sell-offs but by short-term liquidations shaking out longs. Market depth shows a buy imbalance of 14.2%, with large order volume in the 0.95-0.96 zone, forming a strong support.

🎯Direction: Long (Long)

🎯Entry/Orders: 0.960 - 0.963 (Reason: Rebound to 1H EMA20 support zone, also the recent lower boundary of the 4H consolidation phase )

🛑Stop Loss: 0.945 (Reason: Break below the 1H consolidation lower boundary and ATR(0.025)lower band, invalidating bullish structure )

🚀Target 1: 0.985 (Reason: Previous high of the 4H correction phase and EMA50 resistance )

🚀Target 2: 1.010 (Reason: Starting point of the 4H downtrend and Fibonacci 0.382 retracement level )

🛡Trade Management:

- Position size suggestion: Light position (Reason: The 4H trend remains bearish; this is a rebound against the small trend, big trend battle, risk must be strictly controlled )

- Execution strategy: After reaching 0.985 (Target 1), reduce position by 50% to lock in profits, and move the remaining stop loss to entry price 0.963 (break-even). If the price strongly breaks above 0.985 and stabilizes, hold the remaining position towards 1.010.

Depth logic: Market logic indicates “price decline combined with open interest analysis.” Currently, OI is stable; the price is falling but has not caused a significant decrease in open interest, which suggests the decline is more about leveraged longs being shaken out. The buy volume ratio on the 1-hour chart has risen to 57%, and the latest candlestick is a bullish candle with a lower shadow, signaling a short-term bottom. The 1H RSI bottom divergence provides clear rebound momentum. The risk is that the 4H downtrend has not reversed, so strict stop-loss is necessary. The game is about short-term oversold rebound on the 1-4 hour levels.

Trade here 👇 $FIL

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