【$SPACE Signal】Long - 1H pullback confirmation, main force clearly defending the market

$SPACE The 1H timeframe is experiencing a healthy pullback after a sharp rise, with the price supported above the EMA20 (0.0063). The 4H timeframe shows a large-volume bullish candle establishing an upward trend. Current open interest remains stable, funding rates are moderate, and the main force has not exited the market. This is a typical strong consolidation, building momentum for the next rally.

🎯Direction: Long (Long)

🎯Entry/Order: 0.00675 - 0.00685 (Reason: Support at 1H EMA20 and the upper part of the previous hour’s candlestick body)

🛑Stop Loss: 0.00648 (Reason: Break below the previous 1H low and ATR lower band)

🚀Target 1: 0.00725 (Reason: Previous high resistance level)

🚀Target 2: 0.00780 (Reason: 1.618 Fibonacci extension based on recent gains)

🛡️Trade Management:

- Position size suggestion: Light (Reason: Daily gains have exceeded 30%, volatility is extremely high)

- 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 0.0070 and falls back to the entry zone, consider closing the position and observing.

Deep logic: The order book shows unusually thick buy depth around 0.00675, a clear signal of main force defending the market. The 1H RSI (63) has retreated from overbought territory to a healthy zone, providing room for further upward movement. The 4H daily volume explosion indicates new funds entering the market, not just short covering. Combined with stable open interest and positive funding rates, market sentiment is bullish but not overheated, conducive to further upward expansion.

Trade here 👇 $SPACE

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