【$PIPPIN Signal】Long - Strong breakout on the 1H timeframe followed by high-level consolidation, with clear capital support intentions

After experiencing a massive rally, the 1H timeframe is consolidating strongly around 0.62. The 4H timeframe has formed a volume breakout with a large bullish candle, establishing the trend. Currently, the 1H RSI$PIPPIN is at 83(, indicating overbought conditions, but the price is refusing to undergo a deep correction, and the order book buy depth (bid_ask_ratio_depth: 1.47) is significantly thicker than the sell side, showing strong support from major funds. This is a typical strong consolidation, building momentum for the next upward move.

🎯Direction: Long )Long(

🎯Entry/Order: 0.618 - 0.622 )Reason: The lower boundary of the current strong consolidation zone, with the 1H EMA20 dynamic support moving up to this level(

🛑Stop Loss: 0.595 )Reason: Breaking below the 1H rally initiation point and EMA50 support, also below ATR( 0.0305( by double distance)

🚀Target 1: 0.652 )Reason: Resistance near the previous high of 0.6517, breaking through opens up space(

🚀Target 2: 0.690 )Reason: Based on the recent wave's 1.618 Fibonacci extension level(

🛡️Trade Management:

- Position size suggestion: Light )Reason: The 1H RSI is overbought, volatility is extremely high, strict risk control is necessary(

- 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 of 0.622. If the price cannot hold above 0.63 and falls back into the entry zone, consider actively exiting.

Depth logic: Over the past 4 hours, open interest (OI) has remained stable at a high level of 106 million, and the price has not declined with the OI after the surge, indicating that long positions have not exited in large scale. This is an important bullish continuation signal. Market logic suggests ‘price rises, combined with open interest analysis,’ and the current scenario leans more towards major players entering to support the price rather than purely short sellers pressing down. The buy depth advantage on the 1H timeframe is significant) with a 19% imbalance(, with dense support below, making it difficult for shorts to break through easily.

View real-time quotes 👇 )
---

Follow me: Get more real-time analysis and insights into the crypto market! ()$PIPPIN