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【$SPACE Signal】Pullback to buy + 1H strong consolidation, waiting for a second upward push
$SPACE The 1H timeframe is consolidating strongly above the EMA20, with the price refusing to undergo a deep correction, indicating strong buying support. The 4H timeframe has broken through the previous consolidation upper boundary, signaling an upward trend, but the short-term RSI shows healthy momentum and is not in the overbought zone. Open interest remains stable, and the price increase is supported by genuine buying pressure rather than short-squeeze. The order book shows an unusually thick buy depth around 0.00840, forming a strong support wall.
🎯Direction: Long
⚡Entry/Order: 0.00804 - 0.00822
🛑Stop Loss: 0.00792
🚀Target 1: 0.00865
🚀Target 2: 0.00895
🛡️Trade Management:
- 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 fails to break through Target 1 and falls back to the lower boundary of the entry zone, consider exiting and observing.
(Depth Logic: The 1-hour chart price remains firmly above EMA20, showing a high-level flag consolidation, a typical bullish continuation pattern. After volume breakout on the 4-hour chart, a pullback to confirm support, and no significant decrease in open interest, indicate that the bullish main force has not exited. The current price is slightly above the optimal entry zone; patiently waiting for a pullback below 0.0082 is a better sniper point to avoid chasing highs. The 0.00792 level is the low of the previous 4-hour candle and a key defensive position. )
View real-time market 👇 $SPACE
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