【$XNY Signal】Long - 1H breakout pullback confirmation, main force clearly intends to support the market

$XNY The 1H timeframe is consolidating strongly above EMA20, just completed a breakout test of the previous high at 0.0063. The 4H timeframe has formed consecutive bullish candles, indicating an upward trend. The slight pullback after the breakout is an excellent sniper entry opportunity. Open interest remains stable, and no capital outflow has occurred after the price increase, showing that the main force is still in the market.

🎯Direction: Long (Long)

🎯Entry/Order: 0.00623 - 0.00625 (Reason: 1H timeframe pullback confirmation zone, EMA20_1h dynamic support )

🛑Stop Loss: 0.00605 (Reason: Break below the previous 1H candle low and key psychological level )

🚀Target 1: 0.00650 (Reason: 4H timeframe previous high resistance level )

🚀Target 2: 0.00680 (Reason: 1.618 Fibonacci extension based on recent gains )

🛡️Trade Management:

- Position size suggestion: Light position (Reason: Hot Coin volatility is extremely high, strict risk control needed )

- 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 0.0065, move the remaining stop loss to hold for greater gains.

Deep logic: Market depth shows buy orders (Bid) are stacked much thicker than sell orders (Ask), with an imbalance of 18.84%, indicating strong support below. The 1H RSI is around 64, in a strong zone but not overbought, leaving room for further upside. The 4H buy volume remains sustained, combined with positive funding rates, market sentiment is bullish, with potential for short squeeze. The current price rejection of deep pullback is a typical feature of main force supporting the market.

Trade here 👇 $XNY

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