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【#Gate蓝龙虾重磅上线 Signal】Pullback to add longs + 1H level accumulation rebound
The 1H level is strongly consolidating above the EMA20 (0.0119), with the price refusing to drop sharply. The 4H level is at a critical support level, about to choose a direction. The current price is slightly down but open interest remains stable, indicating that selling pressure is more from retail traders rather than institutional dumping. The buy-side depth on the 1-hour chart is substantial, providing fuel for a rebound.
🎯 Direction: Long
⚡ Entry/Order: 0.01184 - 0.01190
🛑 Stop Loss: 0.01160
🚀 Target 1: 0.01210
🚀 Target 2: 0.01230
🛡️ Trading Management:
- Execution Strategy: After reaching Target 1, reduce position by 50% and lock in profits. Move the remaining stop loss up to the entry price. If the price strongly breaks through Target 1 and stabilizes, you can retain part of the position to aim for Target 2.
Depth Logic: The 1-hour RSI is around 54, with healthy momentum and not in overbought territory. Market data shows that buy orders in the 0.01184-0.01190 range are unusually dense, forming a strong support cushion. On the 4-hour level, the price repeatedly tests above recent lows, with open interest not decreasing as the price falls, indicating that funds are not leaving but accumulating at this level. Coupled with a positive funding rate, market sentiment leans mildly bullish, creating conditions for a short-term rebound.
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