【$XNY Signal】Long - 1H pullback confirmation, accumulating strength to break previous high

$XNY The 1H timeframe is supported near EMA20 (0.0048), with price consolidating sideways, digesting the previous rally. Although the 4H timeframe faces resistance at EMA50 (0.0050), the overall structure remains within an upward channel, and open interest (OI) stays stable, indicating funds have not exited. Currently, the 1H RSI (51.88) is neutral to slightly bullish, with buy order depth dominating (imbalance 12.97%), preparing for another upward move.

🎯Direction: Long (Long)

🎯Entry/Order: 0.00481 - 0.00483 (Reason: 1H EMA20 support zone, dense trading area )

🛑Stop Loss: 0.00475 (Reason: Break below recent 1H consolidation low and ATR lower band )

🚀Target 1: 0.00505 (Reason: 4H resistance at previous high )

🚀Target 2: 0.00525 (Reason: Daily previous high and 1.382 Fibonacci extension )

🛡️Trade Management:

- Position size suggestion: Light (Reason: 4H trend not fully clear, short-term play )

- 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 into entry zone and breaks below, exit all.

Depth logic: Market signals indicate an upward trend, combined with stable high-level OI, suggesting this is more likely a main force support rather than purely short covering. The buy depth (bid_ask_ratio_depth=1.30) shows strong support below. Key is whether price can volume-break through the 0.0050 4H EMA50 resistance; once broken, upside potential opens. Currently a typical pullback to add longs opportunity, with a risk-reward ratio >1.5.

View real-time quotes 👇 $XNY

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