【$SPORTFUN Signal】Long - 1H pullback confirmation, main force clearly defending the market

$SPORTFUN The 1H timeframe has experienced a massive rally and is now consolidating strongly above a key support level. A single large bullish candle on the 4H chart has established a reversal trend. The current price has pulled back to test the 1H EMA20 and found support, with open interest (OI) remaining stable, indicating that the main force has not exited the market. This is a typical strong pullback and accumulation structure. Negative funding rates suggest that the bears are still in control, setting the stage for a potential short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0422 - 0.0426 (Reason: 1H EMA20 support zone & lower edge of previous 1H candlestick body )

🛑Stop Loss: 0.0402 (Reason: Break below previous 1H cycle low of 0.04026 & ATR-based stop loss )

🚀Target 1: 0.0456 (Reason: Previous high resistance & 1.382 Fibonacci extension level )

🚀Target 2: 0.0468 (Reason: Near previous 4H high of 0.0466 )

🛡️Trade Management:

- Position size suggestion: Light position (Reason: Hot coin volatility is extremely high, strict risk control needed )

- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold remaining position for Target 2. If the price pulls back to the entry zone and breaks below, exit decisively.

Deep logic: The buy/sell ratio on the 4H chart reached 0.52 during the rally, indicating buying dominance. The current 1H RSI(57.61) is in a healthy zone with room to go higher. Market depth shows heavy sell orders (asks) stacked above 0.0427. Once broken, this will trigger stop-loss orders from shorts and accelerate the upward move. OI remains at a historical high, but the price refuses to dip deeply, signaling strong market support. In a negative funding rate environment, the price remains firm, making a short squeeze highly likely.

Trade here 👇 $SPORTFUN

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