【$H Signal】Pullback to Long! 1H consolidating with decreasing volume, 4H strong trend unchanged, waiting for a second breakout
$H The 1H timeframe experienced a sharp surge yesterday and is now entering a consolidation phase with decreasing volume, with prices oscillating narrowly between 0.226 and 0.235. The 4H chart shows high-level consolidation after a strong upward move, with EMA20 (0.2074) significantly crossing above EMA50 (0.1792), indicating an intact upward trend structure. Currently, the price is retesting the key support at EMA20 (0.2263) on the 1H chart, which is an excellent short-term entry point.
🎯Direction: Long (Long)
🎯Entry/Order: 0.2260 - 0.2280 (Reason: 1H EMA20 support zone + lower boundary of the dense trading area from the previous hour )
🛑Stop Loss: 0.2190 (Reason: Break below yesterday’s 4H large bullish candle start at 0.2237 + ATR(0.0204)double the ATR space )
🚀Target 1: 0.2420 (Reason: Previous high resistance level, also the 4H Fibonacci 0.618 extension level )
🚀Target 2: 0.2520 (Reason: Yesterday’s high, potential to test psychological round number after breakout )
🛡️Trade Management:
- Position size suggestion: Light position (Reason: Hot Coin experiences high volatility, and currently in a retracement game, strict risk control is necessary )
- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold remaining position to aim for Target 2. If price shows stagnation near Target 1 or a 1H top divergence, exit all positions.
Deep logic: Open interest (OI) remains stable after the price surge, indicating that bulls have not exited in large numbers, which is a healthy correction. The order book depth imbalance is -19.15%, with slightly more sell pressure, but there are dense buy orders around 0.2323, showing that funds are supporting the price. The 1H RSI at 57 has fallen from overbought territory to neutral, preparing for another upward move. Combined with the strong breakout on the 4H chart and the volume-decreasing retracement on the 1H chart, this is a typical “uptrend continuation” pattern, with a high probability of a second rally after a shakeout.
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【$H Signal】Pullback to Long! 1H consolidating with decreasing volume, 4H strong trend unchanged, waiting for a second breakout
$H The 1H timeframe experienced a sharp surge yesterday and is now entering a consolidation phase with decreasing volume, with prices oscillating narrowly between 0.226 and 0.235. The 4H chart shows high-level consolidation after a strong upward move, with EMA20 (0.2074) significantly crossing above EMA50 (0.1792), indicating an intact upward trend structure. Currently, the price is retesting the key support at EMA20 (0.2263) on the 1H chart, which is an excellent short-term entry point.
🎯Direction: Long (Long)
🎯Entry/Order: 0.2260 - 0.2280 (Reason: 1H EMA20 support zone + lower boundary of the dense trading area from the previous hour )
🛑Stop Loss: 0.2190 (Reason: Break below yesterday’s 4H large bullish candle start at 0.2237 + ATR(0.0204)double the ATR space )
🚀Target 1: 0.2420 (Reason: Previous high resistance level, also the 4H Fibonacci 0.618 extension level )
🚀Target 2: 0.2520 (Reason: Yesterday’s high, potential to test psychological round number after breakout )
🛡️Trade Management:
- Position size suggestion: Light position (Reason: Hot Coin experiences high volatility, and currently in a retracement game, strict risk control is necessary )
- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold remaining position to aim for Target 2. If price shows stagnation near Target 1 or a 1H top divergence, exit all positions.
Deep logic: Open interest (OI) remains stable after the price surge, indicating that bulls have not exited in large numbers, which is a healthy correction. The order book depth imbalance is -19.15%, with slightly more sell pressure, but there are dense buy orders around 0.2323, showing that funds are supporting the price. The 1H RSI at 57 has fallen from overbought territory to neutral, preparing for another upward move. Combined with the strong breakout on the 4H chart and the volume-decreasing retracement on the 1H chart, this is a typical “uptrend continuation” pattern, with a high probability of a second rally after a shakeout.
Trade here 👇 (
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