【$TAKE Signal】Long - 1H strong pullback confirmation, main force clearly intends to defend the price

$TAKE On the 1H timeframe, after experiencing a massive rally, a healthy pullback and consolidation are underway. The current price is around 0.0559, just above the 1H EMA20 (0.0524), and the 1H RSI (60.95) has fallen from the overbought zone to a healthy area, preparing for another upward move. On the 4H level, the price is stable above the EMA20 (0.0410), and the trend remains upward. The key point is that: open interest (OI) remains stable during the consolidation period, and the latest 1-hour buy depth is dominant (the bid-ask spread is very small, and selling pressure is not strong), indicating that the main force has not left the market but is actively defending the price at this level. The funding rate of 0.0968% is relatively high but not at a dangerous threshold, and the risk of a short squeeze remains.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0558 - 0.0562 (Reason: Above the 1H EMA20 support zone, at the lower boundary of the consolidation range )

🛑Stop Loss: 0.0535 (Reason: Break below the dense 1H K-line previous low and 1H EMA50 support )

🚀Target 1: 0.0590 (Reason: 4H resistance level from previous high )

🚀Target 2: 0.0615 (Reason: 4H high formed during yesterday’s rally )

🛡️Trading Management:

- Position suggestion: Light position (Reason: Daily gains are already significant, volatility is extremely high )

- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price 0.0560. Hold the remaining position for Target 2. If the price surges quickly, consider taking partial profits around 0.0600.

Depth logic: Market logic indicates an upward trend, combined with stable OI and buy depth dominance (bid_ask_ratio_depth: 1.08), which suggests this is more likely a main force defending the price rather than a simple short squeeze. On the 1H level, a new chip zone has formed between 0.0515-0.0560, with the current price near the upper boundary of this zone, about to break through. ATR is 0.0086, making the stop loss reasonable, with a risk-reward ratio >1.5. The risk lies in the relatively high funding rate, so watch out for a quick correction, but given the current momentum, the probability of an upward breakout is higher.

Trade here 👇 $TAKE

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