【$BSV Signal】Pullback to Long + 1H level retest confirmation, obvious signs of main force defending the market

$BSV After experiencing a rally, the 1H level is currently retesting the key EMA20 moving average (16.35) for confirmation. The 4H level has broken through the previous consolidation upper boundary, forming a bullish structure. Currently, the negative funding rate (-0.0055%) and stable open interest (OI) indicate that buying depth (bid_ask_ratio_depth: 1.39) during the pullback remains strong, showing signs of main force defending the market. The short squeeze (short covering) logic is brewing.

🎯Direction: Long (Long)

🎯Entry/Order: 16.30 - 16.35 (Reason: 1H EMA20 support + dense buy orders in the order book )

🛑Stop Loss: 16.10 (Reason: Break below previous 1H candle low and 4H breakout structure )

🚀Target 1: 16.80 (Reason: Previous high resistance level )

🚀Target 2: 17.20 (Reason: 4H previous wave high and 1.382 Fibonacci extension level )

🛡️Trade Management:

- Position suggestion: Light position (Reason: Although there are multiple supports, overall market sentiment still needs observation; control risk )

- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price (break-even). Hold remaining position to aim for Target 2. If price stalls near Target 1, consider exiting all.

Depth logic: The 4H candles have closed bullishly in succession, and although the latest candle is a doji, the price remains above EMA20 (15.89), indicating the trend is intact. The 1H RSI (56.17) has fallen back from overbought territory, preparing for another upward move. Order book data shows a large accumulation of buy orders in the 16.20-16.35 range (depth imbalance 16.20%), forming a strong support wall. Combined with the negative funding rate and stable OI, this is a typical “price holding + short paying” potential short squeeze scenario. Bulls only need one bullish candle to trigger a breakout.

View real-time market 👇 $BSV

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