【$I'm coming, signal】1H strong breakout, chasing longs and short squeeze行情

$I'm coming, 1H level just broke above the previous high of 0.02799 with increased volume and made a new high. The 4H level also broke through the recent consolidation upper boundary, showing a strong breakout pattern. Currently, the price is consolidating around 0.0284, open interest remains stable, and the funding rate of 0.0634% is positive but not at dangerous levels, indicating that bulls are still in control. The 1H RSI is at 67.07, in the strong zone, not overbought, with room to move higher. Sell orders are stacked above 0.02845; once broken, it will trigger short stop-loss orders.

🎯 Direction: Long (Long)

🎯 Entry/Order: Enter near the current price of 0.02840 or chase longs after breaking 0.02845 (Reason: 1H breakout confirmed, chasing strong momentum )

🛑 Stop-loss: 0.02770 (Reason: Break below the 1H breakout low and EMA20 support )

🚀 Target 1: 0.02950 (Reason: Previous wave high and psychological round number )

🚀 Target 2: 0.03100 (Reason: Based on ATR extension at 1:1.5 ratio )

🛡️ Trading management:

- Position suggestion: Light position (Reason: Hot Coin has high volatility and has already gained some upward movement )

- Execution strategy: If the price quickly rises after entry, reduce position by 50% near Target 1, and move the remaining stop-loss to the entry price. If the price consolidates near the entry point for a long time (more than 2 one-hour candles) and cannot break above 0.0285, consider breakeven or slight loss exit.

Deep logic: The 4H candles are consecutively bullish, indicating strong buying power. The past 24 hours saw nearly 18% increase, but open interest remains stable, suggesting that the rally is not solely driven by short covering but possibly new long positions entering. The EMA20 has crossed above EMA50 on the 1H chart, forming a golden cross, indicating a short-term upward trend. The order book shows large sell orders above 0.02845, which is a key short-term resistance. Once absorbed by large orders, the price could quickly surge upward. The risk is that the 1H RSI is approaching 70, so chasing high may lead to short-term pullback. Therefore, a cautious approach with small positions and tight stops is recommended.

Trading here 👇 $I'm coming,

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL ‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包