【$SPORTFUN Signal】Pullback to Long + 1H Level Strong Support Confirmation

$SPORTFUN The 1H level has experienced a massive rally and is now undergoing a healthy pullback, with the price supported and stabilized above the EMA20 (0.0404). The 4H level has broken through the long-term downtrend line decisively, with a large bullish candle establishing a reversal pattern. Currently, it is in the pullback confirmation stage after the breakout. Open interest remains stable, prices are firm, and signs of main force support are evident.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0435 - 0.0440 (Reason: 1H EMA20 support zone & upper middle part of previous hour's candlestick body )

🛑Stop Loss: 0.0415 (Reason: Break below previous 1H low support & bottom of 4H large bullish candle )

🚀Target 1: 0.0466 (Reason: Previous high resistance level, breaking through opens up space )

🚀Target 2: 0.0495 (Reason: Based on ATR 1.618 extension level )

🛡️Trade Management:

- Position suggestion: Light position (Reason: Hot Coin volatility is intense; pullback trading requires risk control )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.0450, consider exiting early.

Deep logic: The 4H candle's increase exceeds 23%, with volume surging, indicating a clear signal of main force entering. The 1H RSI(66.78) has fallen from overbought to a healthy zone, preparing for another upward push. Market depth shows selling pressure concentrated between 0.0442-0.0444; once broken, it will trigger short stop-loss orders. Open interest remains stable during the price surge, indicating it is not just a short squeeze but active long capital absorption. The current strategy targets the first pullback after a strong breakout, with an excellent risk-reward ratio.

Trade here 👇 $SPORTFUN

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