【$POPCAT Signal】Long - 1H pullback confirmation, main force clearly intends to support the price

$POPCAT The 1H timeframe has experienced a sharp rally and is currently consolidating strongly around 0.0605, with a pullback to the EMA20 (1H) providing support. The 4H timeframe has broken through the long-term downtrend, closing with a large bullish candle, confirming a trend reversal signal. Current open interest (OI) remains stable, and the price is refusing to fall sharply under selling pressure, indicating main force support. This is a typical strong consolidation, preparing for the next upward move.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0603 - 0.0605 (Reason: Dynamic support zone at 1H EMA20, previous hour’s low)

🛑Stop Loss: 0.0588 (Reason: Break below the start of the 4H bullish candle and key psychological level at 0.059)

🚀Target 1: 0.0637 (Reason: Previous high resistance level, also the 1H Fibonacci 0.618 retracement level)

🚀Target 2: 0.0660 (Reason: 1.272 extension level, inertial target after breaking previous high)

🛡️Trading Management:

- Position suggestion: Light position (Reason: Hot coin with high volatility, control risk)

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price strongly breaks through 0.0637 and stabilizes, consider aiming the remaining position at 0.0660.

Deep logic: In the past 24 hours, the increase was nearly 20%, but OI remains stable rather than decreasing, indicating this is not purely a short squeeze, with new funds entering to support. The 1H RSI(68) has healthyly retreated from the overbought zone, freeing space for further upward movement. The order book shows sell orders stacking above 0.0606, but buy orders below 0.0604 are extremely thick (over 300,000 USDT), forming a solid support wall with significant downward resistance. Combining market logic indicating “price rising + main force entering,” this is a typical accumulation followed by a rally continuation pattern.

Trade here 👇 $POPCAT

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