【$TAKE Signal】Pullback to Long + 1H Strong Consolidation, Main Force Clearly Protecting the Market

$TAKE The 1H timeframe experienced a massive surge yesterday and is now in a strong consolidation at high levels. The price is supported above the EMA20_1H (0.0511), and the 4H timeframe has stabilized above the EMA20 (0.0406), indicating the overall trend remains upward. The key point is: open interest (OI) remains stable during the price pullback, and the funding rate is as high as 0.0823%, showing that bullish sentiment is still strong and there is potential for a short squeeze. Currently, the order book depth is very thick, with a large number of buy orders stacked around 0.0518 below, forming a strong support zone.

🎯 Direction: Long (Long)

🎯 Entry/Order: 0.0518 - 0.0520 ( Reason: 1H EMA20 support zone resonates with dense buy orders )

🛑 Stop Loss: 0.0500 ( Reason: Break below the 4-hour candle’s low and key psychological level )

🚀 Target 1: 0.0565 ( Reason: Previous high resistance level and the high point after yesterday’s surge )

🚀 Target 2: 0.0600 ( Reason: Psychological round number and previous rebound high )

🛡️ Trading Management:

- Position Size Suggestion: Light ( Reason: Significant rally within the day, extremely high volatility )

- 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 strongly breaks through 0.0565 and stabilizes, consider targeting 0.0600 for the remaining position.

Deep Logic: Market logic indicates “price rising, please consider open interest,” and since OI remains stable, it suggests it’s not just a pure short squeeze but rather main force protecting and accumulating after the rally. The 1H RSI (55.34) is in a healthy zone, leaving room for further upward movement. The order book imbalance of -0.99% indicates relatively light sell pressure, favorable for another upward push. The current strategy aims to play the second surge after a strong consolidation.

Trade here 👇 $TAKE

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