【$B Signal】Pullback to buy + 1H strong consolidation, gathering strength for another attack
The 1H timeframe experienced a massive surge yesterday and is currently consolidating strongly at high levels. The price is moving sideways around 0.1615, with the 1H EMA20 $B 0.1553( providing strong support. The 4H level has broken through the previous oscillation range with increased volume, and the EMA20 )0.1436( and EMA50 )0.1394( have formed a bullish alignment, establishing the trend. The current 1H RSI )63.88( is healthy after dropping from overbought territory, preparing for another upward push. The order book shows sell orders accumulating around 0.1620, but buy orders are solidly deep. Market logic indicates that the price can rise with stable open interest, and the main force’s intention to defend the market is clear. This is a typical strong consolidation pattern; a pullback is an opportunity.
🎯Direction: Long )Long(
🎯Entry/Orders: Enter in batches around 0.1600 - 0.1610
🛑Stop loss: 0.1550 )Break below 1H EMA20 and previous support(
🚀Target 1: 0.1690 )Near previous high(
🚀Target 2: 0.1750 )Daily resistance level(
🛡️Trade management:
- Position size recommendation: Standard position
- Execution strategy: After reaching 0.1690 (Target 1), take profit on 50% of the position, and move the stop loss of the remaining position up to the entry price of 0.1610. If the price strongly breaks through 0.1690 and stabilizes, hold the remaining position towards 0.1750.
)Depth logic: Three consecutive volume-increasing bullish candles on the 4H chart confirm the upward trend. Open interest (OI( remains stable during consolidation, indicating that bulls have not exited and are waiting for the right moment. The buy depth on the 1H chart is much thicker than the sell depth (imbalance of -23.28%), with heavy buy orders supporting the 0.1600-0.1590 zone below, making it difficult for bears to break through easily. Coupled with positive funding rates, market bullish sentiment persists. After this consolidation, a second wave of attack is highly likely. )
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【$B Signal】Pullback to buy + 1H strong consolidation, gathering strength for another attack
The 1H timeframe experienced a massive surge yesterday and is currently consolidating strongly at high levels. The price is moving sideways around 0.1615, with the 1H EMA20 $B 0.1553( providing strong support. The 4H level has broken through the previous oscillation range with increased volume, and the EMA20 )0.1436( and EMA50 )0.1394( have formed a bullish alignment, establishing the trend. The current 1H RSI )63.88( is healthy after dropping from overbought territory, preparing for another upward push. The order book shows sell orders accumulating around 0.1620, but buy orders are solidly deep. Market logic indicates that the price can rise with stable open interest, and the main force’s intention to defend the market is clear. This is a typical strong consolidation pattern; a pullback is an opportunity.
🎯Direction: Long )Long(
🎯Entry/Orders: Enter in batches around 0.1600 - 0.1610
🛑Stop loss: 0.1550 )Break below 1H EMA20 and previous support(
🚀Target 1: 0.1690 )Near previous high(
🚀Target 2: 0.1750 )Daily resistance level(
🛡️Trade management:
- Position size recommendation: Standard position
- Execution strategy: After reaching 0.1690 (Target 1), take profit on 50% of the position, and move the stop loss of the remaining position up to the entry price of 0.1610. If the price strongly breaks through 0.1690 and stabilizes, hold the remaining position towards 0.1750.
)Depth logic: Three consecutive volume-increasing bullish candles on the 4H chart confirm the upward trend. Open interest (OI( remains stable during consolidation, indicating that bulls have not exited and are waiting for the right moment. The buy depth on the 1H chart is much thicker than the sell depth (imbalance of -23.28%), with heavy buy orders supporting the 0.1600-0.1590 zone below, making it difficult for bears to break through easily. Coupled with positive funding rates, market bullish sentiment persists. After this consolidation, a second wave of attack is highly likely. )
Check real-time market 👇 )
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