【$SPACE Signal】Long - 1H Breakout and Pullback, Main Force Clearly Protecting the Market

$SPACE The 1H timeframe has experienced a volume surge and is currently in a strong consolidation at high levels. The price has stabilized above the short-term moving averages, and the 4H timeframe shows a oscillating upward structure. However, the 1H RSI indicates short-term overbought conditions, requiring a healthy pullback to confirm support strength. Open interest remains stable, and combined with the rising price, this suggests it’s not just a bearish squeeze but shows signs of main force support. The buy-side depth is much thicker than the sell-side, providing a solid foundation below the price.

🎯 Direction: Long (Buy on Pullback)

⚡ Entry/Order: 0.007644 - 0.007816

🛑 Stop Loss: 0.007450

🚀 Target 1: 0.008350

🚀 Target 2: 0.008650

🛡️ Trading Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price. If the price fails to break upward and instead falls back into the lower end of the entry zone, consider it a weak signal and exit decisively to wait and see.

Depth Logic: Currently, the 1-hour RSI is in the high zone, making chasing the high risky. However, the 4-hour trend remains upward, and the buy orders on the order book are very thick, indicating strong absorption willingness. The suggested entry zone combines 1-hour moving average support and dense order book areas, making it an ideal point for a pullback setup. Once the price finds support in this zone and volume increases again, a new upward move will begin.

View real-time market 👇 $SPACE

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