【$SPACE Signal】Pullback to Long + 1H Strong Consolidation, Main Force Clearly Supporting the Market

$SPACE The 1H timeframe experienced a 25% violent surge yesterday and is now in a healthy flag consolidation zone. The price is supported above 0.0064 (1H EMA20), and the 4H level has confirmed a breakout of the long-term downtrend, with momentum shifting from bearish to bullish. Current open interest (OI) remains stable and has not dropped significantly with the price pullback, indicating that the main capital has not exited the market but is instead rotating and accumulating at this level.

🎯Direction: Long (Long)

🎯Entry/Order: 0.00640 - 0.00645 (Reason: Dynamic support at 1H EMA20, also the lower boundary of the current consolidation zone )

🛑Stop Loss: 0.00625 (Reason: Falling below the previous 1H candle low and a key psychological level, invalidating the bullish structure )

🚀Target 1: 0.00695 (Reason: Previous high resistance level and the first retracement high after yesterday’s surge )

🚀Target 2: 0.00730 (Reason: 4H previous high resistance, breaking through could initiate a new upward wave )

🛡️Trade Management:

- Position Size: Light (Reason: Hot Coin experiences high volatility and is currently in a high-level consolidation, increasing risk )

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the stop loss of the remaining position to the entry price (break-even). If the price strongly breaks above 0.0070, move the stop loss of the remaining position to trail and hold for Target 2.

Deep Logic: Market depth data shows buy orders (Bid) far exceed sell orders (Ask), with an imbalance of 1.78%, indicating strong support below. The 1H RSI (54.9) is in a healthy bullish correction zone and has not entered overbought territory. Combined with the 4H candlestick analysis, yesterday’s massive bullish candle is a clear trend initiation signal. The current pullback presents an excellent second entry opportunity. Funding rate is only 0.005%, with no short squeeze risk, and the trend remains healthy.

Trade here 👇 $SPACE

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