【$H Signal】Pullback to add longs! 1H pullback confirmation, 4H main upward wave continues

$H The 1H timeframe has experienced a sharp rise and is now entering a healthy correction, with the price finding initial support near EMA20 (0.2152). The 4H large bullish candle confirms an upward trend, presenting an excellent short-term re-entry opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 0.2220 - 0.2250 (Reason: 1H EMA20 support zone and dense area of previous hour’s low points)

🛑Stop Loss: 0.2110 (Reason: Break below the start of the 4H large bullish candle and key previous low support)

🚀Target 1: 0.2365 (Reason: Previous high resistance level, also the high point of the 4H upper shadow)

🚀Target 2: 0.2450 (Reason: Historical high resistance, after breakthrough, look toward the 0.25 psychological level)

🛡Trade Management:

- Position size suggestion: Light position (Reason: Daily increase has exceeded 30%, volatility is extremely high, prioritize risk management)

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price strongly breaks through 0.2365 and stabilizes, consider raising the remaining target to 0.2450.

Deep logic: Although the 1-hour RSI (61.71) has pulled back from the overbought zone, it remains in a healthy range, indicating buying momentum has not exhausted. The key point is that open interest (OI) remains stable after the sharp rise and has not decreased significantly, suggesting the main bullish players have not exited and may just be shaking out weak hands. Market depth shows selling pressure concentrated above 0.2255; once this area is broken, resistance above is sparse, potentially triggering a rapid rally. The 4H EMA20 has crossed above EMA50 to form a golden cross, indicating a medium-term bullish trend. The current strategy is to position for a pullback, betting on trend continuation.

Trade here 👇 $H

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