【$BSV Signal】Long - 1H pullback confirmation, preparing for a breakout above previous high

$BSV On the 1H timeframe, the price has pulled back to EMA20 support, stabilizing around 15.58, with decreasing volume indicating weakening selling pressure. The 4H chart shows an ascending triangle at the end of its convergence phase, with the price oscillating within the 15.25-15.87 range, building momentum and preparing to choose a direction. Open interest remains stable, the price has declined but without triggering panic selling, indicating early signs of main force support.

🎯Direction: Long (Long)

⚡Entry/Order: 15.55 - 15.60

🛑Stop Loss: 15.25

🚀Target 1: 15.87

🚀Target 2: 16.20

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. Hold the remaining position to aim for Target 2. If the price encounters resistance near Target 1 and falls back, breaking the trailing stop, exit all positions.

(Depth Logic: The 1H RSI(51.89) is in a neutral to slightly bullish zone, with room for upward movement. Market depth shows large buy orders accumulated in the 15.40-15.55 range, forming a solid support. The 4H candlestick lows are continuously rising, indicating a bullish structure. Currently, the price is between the 1H EMA20(15.54) and EMA50(15.64), representing a healthy pullback. A volume breakout above 15.70 is awaited to confirm the start of a new upward wave.)

View real-time market 👇 $BSV

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