【$SPACE Signal】Long + 1H Breakout and Pullback Confirmation, Capital Inflow Supporting the Market
$SPACE The 1H timeframe is strongly oscillating above the EMA20, just formed a large bullish candle breaking the previous high of 0.012949, creating a new high of 0.013088, with strong momentum. The 4H timeframe has stabilized above EMA20 and broken out of the previous consolidation range, indicating an upward trend. The current slight pullback presents an excellent opportunity for a second entry.
🎯Direction: Long (Long)
🎯Entry/Order: 0.01275 - 0.01285 (Reason: Pullback after 1H breakout confirmation area, EMA20_1H dynamic support )
🛑Stop Loss: 0.01218 (Reason: Break below the start of the previous 1H large bullish candle and ATR lower band )
🚀Target 1: 0.01350 (Reason: Initial extension after breaking through previous high resistance )
🚀Target 2: 0.01420 (Reason: 1.618 Fibonacci extension based on recent gains )
🛡️Trade Management:
- Position Size Suggestion: Standard Position (Reason: 1H/4H resonance breakout, higher win rate )
- Execution Strategy: Reduce position by 50% after reaching Target 1, and move stop loss to entry price. Hold remaining position for Target 2. If price spikes and then falls below 1H EMA20, exit all.
Deep Logic: While the price surged by 21%, open interest remained stable, indicating it’s not a short squeeze but rather new funds entering to support the market. Market depth shows buy orders far outweigh sell orders (depth imbalance of 22.74%), with strong support below. The 1H RSI is at 67, in a strong zone but not overbought, leaving room for further upward movement. Funding rate is positive but not high, indicating low risk of a short squeeze. Combined with rising volume and price, the main force’s bullish intent is clear.
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【$SPACE Signal】Long + 1H Breakout and Pullback Confirmation, Capital Inflow Supporting the Market
$SPACE The 1H timeframe is strongly oscillating above the EMA20, just formed a large bullish candle breaking the previous high of 0.012949, creating a new high of 0.013088, with strong momentum. The 4H timeframe has stabilized above EMA20 and broken out of the previous consolidation range, indicating an upward trend. The current slight pullback presents an excellent opportunity for a second entry.
🎯Direction: Long (Long)
🎯Entry/Order: 0.01275 - 0.01285 (Reason: Pullback after 1H breakout confirmation area, EMA20_1H dynamic support )
🛑Stop Loss: 0.01218 (Reason: Break below the start of the previous 1H large bullish candle and ATR lower band )
🚀Target 1: 0.01350 (Reason: Initial extension after breaking through previous high resistance )
🚀Target 2: 0.01420 (Reason: 1.618 Fibonacci extension based on recent gains )
🛡️Trade Management:
- Position Size Suggestion: Standard Position (Reason: 1H/4H resonance breakout, higher win rate )
- Execution Strategy: Reduce position by 50% after reaching Target 1, and move stop loss to entry price. Hold remaining position for Target 2. If price spikes and then falls below 1H EMA20, exit all.
Deep Logic: While the price surged by 21%, open interest remained stable, indicating it’s not a short squeeze but rather new funds entering to support the market. Market depth shows buy orders far outweigh sell orders (depth imbalance of 22.74%), with strong support below. The 1H RSI is at 67, in a strong zone but not overbought, leaving room for further upward movement. Funding rate is positive but not high, indicating low risk of a short squeeze. Combined with rising volume and price, the main force’s bullish intent is clear.
View real-time market 👇 (
Follow me: Get more real-time analysis and insights on the crypto market! )$SPACE
$BTC $ETH