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

$SPACE The 1H timeframe experienced a 28% surge yesterday and is now undergoing a healthy retracement. The current price is supported above the 1H EMA20 (0.0064), and the latest 1-hour candlestick closed bullish, indicating buying interest is returning. The 4H timeframe has broken through the long-term downtrend line, confirming a trend reversal, but RSI(72.88) is somewhat high, so short-term pullback caution is advised. Market depth shows buy orders are significantly thicker than sell orders (imbalance of 15.82%), and open interest remains stable, indicating main capital has not exited. This is a typical sign of support and accumulation.

🎯Direction: Long (Long)

🎯Entry/Order: 0.00685 - 0.00690 (Reason: Above the 1H EMA20 support zone, with concentrated buy orders in the order book)

🛑Stop Loss: 0.00650 (Reason: Break below the 1H EMA50 support and the previous 1H candlestick low)

🚀Target 1: 0.00730 (Reason: Previous high resistance level, also an initial target on the 4H timeframe)

🚀Target 2: 0.00780 (Reason: Fibonacci 0.786 retracement level of the previous 4H decline)

🛡️Trading Management:

- Position size suggestion: Light (Reason: Daily gains are already significant, RSI is high, and volatility is intense)

- Execution strategy: When price reaches 0.00730, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.00690. If the price strongly breaks through 0.00730 and stabilizes, the second target can be set at 0.00780.

Depth logic: Open interest remains stable, and after the surge, the trading volume did not collapse, indicating this is not just a short squeeze but genuine funds are supporting. The 1H RSI(63.27) has fallen from high levels to a healthy zone, preparing for further upward movement. The buy orders from the first to the twentieth level are extremely heavy, forming a strong support wall, while the top sell order is only 388 coins, indicating very light overhead selling pressure, which could trigger rapid upward movement. Coupled with a funding rate of only 0.005%, the cost of going long is very low.

Trade here 👇 $SPACE

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