$DENT After experiencing a 45% surge yesterday, the 1H level is undergoing a healthy correction, with the price retracing to around the 1H EMA50 (~0.000345) for initial support. The 4H timeframe remains in a strong upward channel. The current consolidation with reduced volume presents an excellent opportunity for a second entry.

🎯Direction: Long (Long)
🎯Entry/Order: 0.000345 - 0.000350
🛑Stop Loss: 0.000328 (below yesterday’s 4H low)
🚀Target 1: 0.000390 (previous high resistance zone)
🚀Target 2: 0.000430 (breakthrough of previous high, aiming for new highs)
🛡️Trade Management:
- Position size suggestion: Light position (Reason: After a sharp rise, volatility is extremely high, risk must be strictly controlled )
- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price cannot stabilize above 0.000365 (1H EMA20), consider exiting early.
Depth logic: Although buy-side depth is slightly dominant (bid_ask_ratio_depth: 1.10), key support levels (0.000335-0.000345) have dense orders, forming a protective wall. Open interest remains stable and has not dropped significantly with the price correction, indicating that long positions are not panicking and exiting. Negative funding rate (-0.22%) persists, indicating potential for a short squeeze. The 1H RSI (52.61) has fallen from overbought territory to neutral, gathering strength for another upward move. Currently, this is a typical retracement after a sharp rise, setting the stage for a secondary pulse in the market.
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