【$1000CHEEMS Signal】1H pullback confirmation, main force defending the market, targeting a rebound

$1000CHEEMS The 1H timeframe is strongly consolidating above the EMA20, just closed with a long lower shadow bullish candle, confirming support around 0.0005350. The 4H price has stabilized above the short-term moving averages, and open interest remains stable, indicating no large-scale profit-taking by bulls during the upward move, and the main force is still active. The order book shows buy orders far exceeding sell orders, with a clear imbalance, providing a solid foundation for the price.

🎯Direction: Long (Long)

⚡Entry/Order: 0.0005350 - 0.0005365

🛑Stop Loss: 0.0005280

🚀Target 1: 0.0005480

🚀Target 2: 0.0005550

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and immediately move the stop loss up to the entry price. Hold the remaining position for Target 2. If the price pulls back and breaks through the EMA20 support (around 0.0005380), exit all positions.

Order book logic: Over the past few hours, despite some price fluctuations, open interest has remained stable. Combined with the buy-side depth advantage, this is a typical characteristic of main force defending the market and clearing out weak hands. The 1H RSI is in a healthy zone with room for further upside. The current price is attempting to break through the recent 4H consolidation high. Once stabilized, it will open up upward space. The level at 0.0005280 is a previous low and dense trading zone, serving as a key defensive level.

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