【$XNY Signal】Long - Confirmation of pullback after 1H strong breakout

$XNY The 1H timeframe has experienced a massive rally and is currently consolidating strongly at a high level, with the price staying firmly above the key moving averages. The 4H timeframe has formed a three consecutive bullish candle breakout pattern, indicating a shift from weak to strong trend. Currently, the 1-hour trading volume has decreased, which is a healthy correction, preparing for the next upward move. Market depth data shows that buy orders remain substantial, open interest stays stable, and there are no signs of major selling by the main players.

🎯Direction: Long

⚡Entry/Order: 0.004600 - 0.004677

🛑Stop Loss: 0.004600

🚀Target 1: 0.004830

🚀Target 2: 0.004906

🛡️Trade Management:

- Execution Strategy: After the price reaches Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price strongly breaks through Target 2, move the remaining stop loss up to Target 1 to seek greater gains.

(Order Book Logic: Over the past 4 hours, the price has surged with volume, breaking through the previous consolidation zone with obvious capital inflow. The 1-hour RSI is in a healthy, slightly strong zone with no overbought signals. The order book shows dense buy orders, forming a strong support wall in the 0.00519-0.00520 range, making downward resistance high. Combined with positive funding rates, market sentiment leans bullish, and the correction presents an opportunity. )

Check real-time market 👇 $XNY

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