【$BEL Signal】Long | 1H level violent surge followed by pullback confirmation, main force clearly intends to defend the market

$BEL The 1H level just experienced a legendary volume surge, with a single candle rising over 30%. Currently, the price is consolidating strongly around 0.1139. The 4H level saw a massive bullish candle directly reversing the downtrend, and the price has stabilized above all short-term moving averages. The current 1H RSI(73.75) is high but not overbought, and EMA20(0.0988) has turned into strong support. Combined with massive trading volume and negative funding rate(-0.4456%), this wave of market movement is driven by short covering, with main funds still in the market. The pullback is an opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1125 - 0.1135 (Reason: Pullback to 1H EMA20 support zone and dense buy orders)

🛑Stop loss: 0.1080 (Reason: Break below the low of the massive surge candle at 0.1077, invalidating bullish structure)

🚀Target 1: 0.1200 (Reason: Previous high resistance and psychological level)

🚀Target 2: 0.1280 (Reason: Daily chart previous high resistance zone)

🛡️Trading management:

- Position suggestion: Light position (Reason: Intraday volatility is extremely high, risk is amplified)

- Execution strategy: Use partial take profits. After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold remaining position for Target 2. If the price stalls in the 0.1180-0.1200 range, consider exiting early.

Deep logic: Data reveals everything. 1) Capital flow: trading volume surged in the past 4 hours, dominated by buyers (last 1H candle buy_sell_ratio 0.51). 2) Stable holdings: Open interest remains stable, no large-scale profit-taking after big price increase, indicating main force or new longs are still holding. 3) Order book support: Buy depth in the 0.1120-0.1135 range is unusually thick (over 300,000 USDT), forming a strong support wall. 4) Negative funding rate short covering: Funding rate as high as -0.4456%, indicating extremely high short holding costs, and any pullback could trigger a new round of short covering. Overall, bullish momentum is not exhausted; the pullback to support is an excellent second entry point.

Check real-time market 👇 $BEL

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