【$SPACE Signal】Long! After a strong breakout on the 1H chart, a pullback for confirmation, main force clearly intends to support the market

$SPACE The 1H timeframe has experienced a massive rally and is currently in a high-level consolidation and accumulation phase. The price is supported above 0.0070, with the 1H EMA20 (0.0062) crossing above the EMA50 (0.0056) to form a golden cross, indicating an upward short-term trend. The 4H chart shows a volume breakout of the long-term downtrend line, with a daily increase of 38.36%, signaling a reversal of the bearish trend. The current 1H RSI (72.39) is high but not in extreme overbought territory, and open interest (OI) remains stable, indicating that the rise is not purely driven by short covering, with main capital supporting the market. Market depth shows buy orders accumulating in the 0.0070-0.00702 range, with strong support below.

🎯 Direction: Long (Long)

🎯 Entry/Order: 0.00700 - 0.00705 ( Reason: 1H EMA20 dynamic support zone and upper boundary of dense trading area )

🛑 Stop-loss: 0.00685 ( Reason: Falling below recent 1H consolidation low and ATR lower band )

🚀 Target 1: 0.00750 ( Reason: Resistance at previous 4H high and psychological level )

🚀 Target 2: 0.00800 ( Reason: Fibonacci 0.382 retracement level on the daily chart )

🛡️ Trading management:

- Position suggestion: Light position ( Reason: Daily gains are significant, volatility is extremely high )

- Execution strategy: After entering, if the price quickly surges to around 0.0073, consider partial profit-taking. After reaching Target 1, reduce position by 50% and move stop-loss to entry price. Hold remaining position for Target 2. If the price hovers in the entry zone for more than 2 1H candles without pushing higher, consider exiting early.

Depth logic: This rally was initiated by a massive 4H bullish candle (buy/sell ratio 0.5), with genuine capital inflow. Although the current 1H buy/sell ratio is neutral (0.5), market depth shows buy orders significantly thicker than sell orders (depth imbalance 3.76%), indicating strong support below. OI remains stable at a high level of 490 million USD, and the price refuses deep correction, a typical "price stable, volume increasing" main force control signal. Coupled with a positive funding rate (0.0050%), market sentiment is bullish but not overheated, providing fuel for short-term continuation. The key risk is that the 1H RSI may become dulled, so strict stop-loss is necessary.

Trade here 👇 $SPACE

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