【$XNY Signal】Pullback to buy! 1H pullback confirmation, clear signs of main force supporting the market

$XNY The 1H timeframe, after experiencing a volume-driven rally, is currently in a healthy retracement and consolidation phase. The price is supported near the 1H EMA20 (0.0072), and the last 4H candlestick shows a long lower shadow (0.007035), indicating strong buying pressure below. Open interest remains stable, and the price has not fallen sharply, suggesting main force is supporting the market. This is a typical strong consolidation signal.

🎯Direction: Long (Long)

🎯Entry/Order: 0.00715 - 0.00722 (Reason: 1H EMA20 support zone and current consolidation lower boundary )

🛑Stop loss: 0.00695 (Reason: Break below the key 4H lower shadow low of 0.007035, with room for ATR )

🚀Target 1: 0.00765 (Reason: Previous high resistance level, also a recent 4H high )

🚀Target 2: 0.00795 (Reason: 1.618 Fibonacci extension level, corresponding to the recent upward wave )

🛡️Trade management:

- Position size suggestion: Light position (Reason: Hot Coin has high volatility, control risk )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price (break-even). If the price cannot hold above 0.00722 and turns downward, consider exiting early.

Depth logic: Market depth data shows buy-side depth (bid_ask_ratio_depth=1.13) slightly exceeds sell-side, indicating a slight imbalance. The 1H RSI (53.95) is in a healthy neutral-to-strong zone with upward potential. The key point is that during the price retracement from 0.0076, open interest (OI) remains stable and does not decrease with the price drop, which is usually not a sign of main force offloading but rather cleaning out weak holders. Combining market logic, "price rising, determine whether main force is entering or shorts are capitulating based on open interest," current data more supports the interpretation of main force supporting the market.

Trade here 👇 $XNY

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