【$ATH Signal】Long + 1H level pullback confirmation, main force clearly intends to support the market
$ATH The 1H level has experienced a massive rally and is currently in a high-level consolidation phase. The price is supported around 0.0060, with the 1H EMA20 (0.0058) forming a dynamic defense line. The 4H level has broken through the previous oscillation zone upper boundary, indicating a bullish trend. The current pullback presents an excellent second entry opportunity.
🎯Direction: Long (Long)
⚡Entry/Order: 0.00600 - 0.00605
🛑Stop Loss: 0.00585
🚀Target 1: 0.00640
🚀Target 2: 0.00670
🛡️Trade Management: - Position size recommendation: Light position - Execution strategy: After reaching Target 1, take profit on 50% of the position, and move the stop loss of the remaining position up to the entry price. If the price strongly breaks through 0.0064, move the remaining position's stop loss to hold for greater gains.
Depth Logic: Data reveals the main force’s intention to support the market. Although the price has pulled back from the high point, open interest (OI) remains stable and has not significantly decreased due to the price correction, indicating that bullish positions are not panicking and exiting. Meanwhile, the funding rate is as high as -1.3168%, indicating strong potential for a short squeeze. The order book shows buy-side depth (Bid Side) significantly thicker than sell-side (Ask Side), with an imbalance ratio of 14.87%, providing strong support below. The 1H RSI (60.4) has healthily retreated from overbought territory, preparing for another upward move. Overall, this is a typical strong coin correction and shakeout pattern, with bullish main force still present in the market.
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【$ATH Signal】Long + 1H level pullback confirmation, main force clearly intends to support the market
$ATH The 1H level has experienced a massive rally and is currently in a high-level consolidation phase. The price is supported around 0.0060, with the 1H EMA20 (0.0058) forming a dynamic defense line. The 4H level has broken through the previous oscillation zone upper boundary, indicating a bullish trend. The current pullback presents an excellent second entry opportunity.
🎯Direction: Long (Long)
⚡Entry/Order: 0.00600 - 0.00605
🛑Stop Loss: 0.00585
🚀Target 1: 0.00640
🚀Target 2: 0.00670
🛡️Trade Management:
- Position size recommendation: Light position
- Execution strategy: After reaching Target 1, take profit on 50% of the position, and move the stop loss of the remaining position up to the entry price. If the price strongly breaks through 0.0064, move the remaining position's stop loss to hold for greater gains.
Depth Logic: Data reveals the main force’s intention to support the market. Although the price has pulled back from the high point, open interest (OI) remains stable and has not significantly decreased due to the price correction, indicating that bullish positions are not panicking and exiting. Meanwhile, the funding rate is as high as -1.3168%, indicating strong potential for a short squeeze. The order book shows buy-side depth (Bid Side) significantly thicker than sell-side (Ask Side), with an imbalance ratio of 14.87%, providing strong support below. The 1H RSI (60.4) has healthily retreated from overbought territory, preparing for another upward move. Overall, this is a typical strong coin correction and shakeout pattern, with bullish main force still present in the market.
View real-time quotes 👇 $ATH
Follow me: Get more real-time analysis and insights into the crypto market!