【$XNY Signal】Long - 1H breakout pullback confirmation, main force clearly intends to support the market

$XNY The 1H timeframe, after experiencing a massive rally, is currently in a healthy pullback and consolidation phase. The price is supported around 0.00745, with the 1H EMA20 (0.0072) and 4H EMA20 (0.0065) forming a strong bullish alignment. The current order book depth is significantly thick, and open interest remains high, indicating that the main funds have not exited. This is a typical strong consolidation, building momentum for the next upward move.

🎯Direction: Long (Long)

🎯Entry/Order: 0.00743 - 0.00745 (Reason: 1H K-line pullback confirmation zone, dense support in the order book )

🛑Stop Loss: 0.00712 (Reason: Break below previous 1H massive candle low and key psychological level )

🚀Target 1: 0.00794 (Reason: Previous high resistance level, also the intraday high )

🚀Target 2: 0.00850 (Reason: Based on ATR’s 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position suggestion: Light position (Reason: Hot Coin is highly volatile, control risk )

- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold remaining position for Target 2. If price retraces and breaks below the trailing stop, exit decisively.

Depth logic: In the past 24 hours, the increase has exceeded 16%, but open interest remains stable, indicating the rally is driven by genuine buying rather than short covering. The 1H RSI (61.3) has healthily retreated from overbought territory, leaving room for further upward movement. Order book depth imbalance reaches 11.98%, with buy orders dominating. A large accumulation of buy orders at 0.00742-0.00744 forms a solid defense line. The 4H timeframe has broken out of a long-term consolidation zone, indicating a trend reversal to bullish.

Trade here 👇 $XNY

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