【$SPACE Signal】Long! 1H pullback confirmation, main force clearly defending the market, short squeeze imminent

$SPACE The 1H timeframe, after experiencing a 27% violent surge, is undergoing a healthy pullback, with the price supported and stabilized above the EMA20 (0.0060). The 4H timeframe has broken through the long-term downtrend line, forming a V-shaped reversal pattern, currently in the first pullback confirmation stage after the breakout. Open interest remains stable, and the price is firm, indicating a typical short squeeze buildup.

🎯Direction: Long (Long)

🎯Entry/Order: 0.00650 - 0.00655 (Reason: 1H EMA20 support zone, upper middle part of the previous hour's candlestick body )

🛑Stop loss: 0.00615 (Reason: Break below the previous 1H low and EMA50 support, ATR-based stop loss )

🚀Target 1: 0.00700 (Reason: Previous high resistance level, psychological round number )

🚀Target 2: 0.00750 (Reason: 1.618 Fibonacci extension of the 4H V-shaped reversal )

🛡️Trade Management:

- Position size suggestion: Light position (Reason: Daily volatility has exceeded 27%, higher risk )

- Execution strategy: After the price reaches 0.00700, reduce position by 50% and move stop loss to entry price 0.00655. Hold the remaining position for the second target; if the price pulls back and breaks below 0.00655, exit all.

Deep logic: Market signals show a very strong defense. After the surge, the price consolidates sideways, open interest remains stable without decline, indicating main capital has not exited. Depth imbalance of -1.25% shows slight selling pressure, while a large volume of buy orders (over 1.2 million USDT) accumulates below 0.00653, forming a solid support wall. The 1H RSI(67) is healthy after dropping from overbought, preparing for a second rally. Combined with positive funding rates, this is a typical short squeeze breeding ground, with stop-loss orders for shorts fueling the subsequent move.

Trade here 👇 $SPACE

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