【$SPORTFUN Signal】Pullback to Long! 1H pullback confirmation, main force clearly protecting the market

$SPORTFUN The 1H timeframe experienced a massive rally yesterday and is currently consolidating at a healthy high level. The price is oscillating between 0.046-0.047, with the 1H EMA20 (0.0441) providing strong support, and the order book buy depth (bid_ask_ratio_depth: 0.60) shows strong support below. The 4H level has already stabilized above EMA20 (0.0409), indicating a bullish trend. The current pullback is an excellent second entry opportunity. Open interest remains stable, and the price is firm, which are typical signs of main force protecting the market, rejecting deep pullbacks.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0463 - 0.0465 (Reason: 1H EMA20 support zone upper boundary & recent consolidation platform lower boundary )

🛑Stop Loss: 0.0453 (Reason: Falling below 1H EMA50 support at 0.0414 and the consolidation platform, ATR stop loss approximately 0.001 )

🚀Target 1: 0.0485 (Reason: Yesterday’s high resistance level )

🚀Target 2: 0.0505 (Reason: 1.618 Fibonacci extension level & psychological integer level )

🛡️Trade Management:

- Position suggestion: Light position (Reason: Hot coin with high volatility, control risk )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining position’s stop loss to the entry price (break-even). If the price strongly breaks through 0.0485 and stabilizes, consider targeting 0.0505 for the remaining position.

Depth logic: The massive bullish candle on the 4H chart establishes a bullish pattern, and the current 1H sideways movement is a typical “air support.” RSI on 1H (62.33) is in a healthy slightly strong zone, with room for further upward movement. Although the funding rate (0.0050%) is positive, its absolute value is not high, posing no strong short-squeeze risk. The order book shows sell orders stacking above 0.0468, but buy orders are more substantial in the 0.0465-0.0460 range below (depth imbalance -25.13%), indicating significant resistance to downward movement. This is a typical “not falling” structure, with main force accumulating or protecting the market, waiting for the next rally.

Check real-time market 👇 $SPORTFUN

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