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【$PROMPT Signal】Pullback to go long, capital support clearly indicates buying interest
$PROMPT 1H level rebounds with a sharp rise and fall, selling pressure above is as heavy as Mount Tai, but buy orders below are deep and substantial, with a thick order wall around 0.0334. The 4-hour MACD fast and slow lines are forming a golden cross, indicating an upward channel is opening, but there are signs of a death cross on the 1-hour chart, so short-term profit-taking needs to be digested.
🎯Direction: Long
⚡Entry/Order: 0.0321 - 0.0329
🛑Stop Loss: 0.0318
🚀Target 1: 0.0375
🚀Target 2: 0.0397
🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back to the entry level, automatically exit to protect capital.
Position size remains stable, funding rate is slightly positive, and no extreme greed has appeared. The 1-hour RSI has pulled back from high levels to around 55, providing a healthy retracement space. Market data shows sell orders are stacked above 0.0336, but the willingness to absorb orders below 0.0334 is stronger, fully exposing the support from capital backing. Liquidity typically dries up in the early hours of the weekend, making this depth imbalance more noteworthy. The risk-reward ratio is close to 4:1, making it worthwhile to position for a secondary rally after a pullback.
Check real-time market 👇 $PROMPT
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#Gate广场四月发帖挑战 #三月非农数据来袭 #加密市场行情震荡