Strong consolidation above EMA20 (0.3669) on the 1H timeframe, with the price refusing to drop sharply. The 4H timeframe has stabilized above the key support at EMA50 (0.3648), and trading volume remains stable, indicating that major funds have not exited the market. The current pullback presents an excellent short-term sniper opportunity.



🎯 Direction: Long

⚡ Entry/Order: 0.3596 - 0.3676

🛑 Stop Loss: 0.3480

🚀 Target 1: 0.3950

🚀 Target 2: 0.4100

🛡️ Trading Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss up to the entry price. Hold the remaining position to aim for Target 2. If the price breaks below the moving stop loss, exit all positions.

Deep Logic: After falling from the high of 0.4015, the price received strong buying support around 0.3710. The 1-hour trading volume has decreased, indicating weakening selling pressure. Although there are slightly more sell orders on the order book, buy orders below are densely accumulated, especially in the 0.3730-0.3740 range, where large buy orders are protecting the market. The 4-hour RSI is healthy and shows no bearish divergence. Combined with stable open interest, this appears to be a healthy shakeout during an upward trend rather than a trend reversal. Funding rates remain positive but not high, reducing the risk of a short squeeze and supporting steady bullish progress.
#GateforAI重磅上线
ICNT-9,02%
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