【$GWEI Signal】Long - 1H breakout pullback confirmation, main force clearly intends to support the market
$GWEI The 1H timeframe has experienced a massive rally and is currently in a strong consolidation at high levels, with the price tightly hugging above the EMA20(1H), with buying depth dominating. The 4H timeframe has broken through the long-term downtrend line, and after a 31% intraday increase, there has been no significant pullback. Open interest remains stable, indicating that the main funds are still in the market. The current 1H RSI(64.63) is healthy, preparing for a second upward push.
🎯Direction: Long (Long)
⚡Entry/Order: 0.04875 - 0.04900
🛑Stop Loss: 0.04740
🚀Target 1: 0.05150
🚀Target 2: 0.05350
🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss up to the entry price of 0.04875. Hold the remaining position to aim for Target 2. If the price pulls back and falls below the trailing stop, exit all positions.
(Depth Logic: Market depth shows buy orders accumulating, with bid_ask_ratio_depth at 0.88, and sell pressure relatively dispersed. A dense trading zone has formed between 0.047-0.048 on the 1H chart, providing strong support. The 4H bullish candlestick confirms a trend reversal, and the current price is above the 4H EMA20(0.0401), indicating a medium-term bullish structure. Market logic suggests the price will rise, and combined with stable and high open interest, it indicates that the bullish main force is supporting and pushing the price up, rather than a simple short squeeze. )
View real-time quotes 👇 $GWEI
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【$GWEI Signal】Long - 1H breakout pullback confirmation, main force clearly intends to support the market
$GWEI The 1H timeframe has experienced a massive rally and is currently in a strong consolidation at high levels, with the price tightly hugging above the EMA20(1H), with buying depth dominating. The 4H timeframe has broken through the long-term downtrend line, and after a 31% intraday increase, there has been no significant pullback. Open interest remains stable, indicating that the main funds are still in the market. The current 1H RSI(64.63) is healthy, preparing for a second upward push.
🎯Direction: Long (Long)
⚡Entry/Order: 0.04875 - 0.04900
🛑Stop Loss: 0.04740
🚀Target 1: 0.05150
🚀Target 2: 0.05350
🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss up to the entry price of 0.04875. Hold the remaining position to aim for Target 2. If the price pulls back and falls below the trailing stop, exit all positions.
(Depth Logic: Market depth shows buy orders accumulating, with bid_ask_ratio_depth at 0.88, and sell pressure relatively dispersed. A dense trading zone has formed between 0.047-0.048 on the 1H chart, providing strong support. The 4H bullish candlestick confirms a trend reversal, and the current price is above the 4H EMA20(0.0401), indicating a medium-term bullish structure. Market logic suggests the price will rise, and combined with stable and high open interest, it indicates that the bullish main force is supporting and pushing the price up, rather than a simple short squeeze. )
View real-time quotes 👇 $GWEI
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