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【$SPACE Signal】Pullback to Long + 1H Level Strong Breakout and Retest
The 1H level is consolidating strongly above the EMA20, just completing a test and retest of the previous high resistance zone at 0.0084. The 4H level has formed a three consecutive bullish breakout pattern, with the price stabilizing above EMA50, indicating a shift from weak to strong trend. Currently, the 1-hour candlestick is retesting near the breakout neckline, with buy orders significantly deeper than sell orders, showing characteristics of a strong correction.
🎯Direction: Long
⚡Entry/Order: 0.00794 - 0.00812
🛑Stop Loss: 0.00762
🚀Target 1: 0.00875
🚀Target 2: 0.00920
🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. Hold the remaining position to aim for Target 2. If the price retraces and breaks below the moving stop loss, exit all positions.
$SPACE Depth Logic: The 4H timeframe shows volume breaking through the previous consolidation platform, with open interest remaining stable rather than decreasing, indicating it’s not purely a bearish trap but supported by new funds. The 1-hour RSI has healthy retraced from overbought territory to around 57, providing room for a second upward move. The buy order depth is more than three times the sell order depth, indicating strong support. The current price is at the lower end of the optimized entry zone, an ideal sniper point. (
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