$SIGN After a massive surge yesterday, the 1H level is consolidating strongly in the 0.0255-0.0265 range, with EMA20_1H (0.0262) providing immediate support, and the price is refusing a deep correction. Although the 4H candle closed with a long upper shadow, it is currently holding above the previous high of 0.0243, indicating a still bullish structure. The order book shows buy orders are much deeper than sell orders (depth imbalance -25.69%), and open interest remains stable, indicating that the main players have not exited the market. This is a typical bullish continuation pattern.


🎯Direction: Long (Long)
⚡Entry/Order: 0.0260 - 0.0263
🛑Stop Loss: 0.0251
🚀Target 1: 0.0278
🚀Target 2: 0.0295
🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce position by 50% and immediately move the stop loss up to the entry price of 0.0263. The remaining position will trail with a moving stop loss (e.g., if it breaks below 1H EMA20) to seek greater gains. If the price cannot hold above 0.0265 and turns downward, exit early.
(Depth Logic: The 1H RSI (52.17) is in a healthy zone with room to move higher. The key point is that yesterday’s 4H massive green candle (1.7B) was driven by the main players, and the current consolidation with reduced volume is a shakeout, not distribution. There is a large accumulation of buy orders below 0.0261 (totaling over 3 million USD), forming a solid support cushion. Combined with market logic indicating ‘price rising, main players entering,’ this correction presents an excellent second-entry opportunity.)
SIGN23.63%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)