【$ZRO Signal】Long - 1H breakout with volume followed by pullback confirmation, main force clearly supporting the market

$ZRO The 1H timeframe just experienced a massive bullish candle (rising from 1.52 to 1.64), currently consolidating around 1.59 at a high level. This is a typical breakout followed by a pullback confirmation pattern. On the 4H timeframe, the price has broken above all short-term moving averages but faces resistance at EMA50 (1.6376). The key point is: after volume breakout on the 1H, open interest (OI) remains stable and does not decline significantly with the price pullback, indicating that the main funds have not exited but are supporting the market at this level to accumulate. The current 1H RSI (63.63) is healthy, and the bid-ask depth ratio (0.91) shows relatively solid support below.

🎯Direction: Long (Long)

🎯Entry/Order: 1.5900 - 1.5950 (Reason: Pullback area after 1H breakout, strong consolidation above EMA20_1H (1.5112) )

🛑Stop Loss: 1.5650 (Reason: Break below the start of the 1H massive bullish candle at 1.5821 and previous support, combined with ATR_14 (0.0618) setting )

🚀Target 1: 1.6400 (Reason: Previous high resistance level, also the EMA50 resistance on the 4H timeframe )

🚀Target 2: 1.7000 (Reason: After breaking 1.64, look towards the previous platform resistance near January 30 )

🛡️Trade Management:

- Position suggestion: Light position (Reason: Hot Coin is highly volatile, and EMA50 resistance on the 4H timeframe has not been effectively broken, risk control is necessary )

- Execution strategy: After reaching 1.6400 (Target 1), reduce position by 50%, and move the stop loss of the remaining position up to the entry price of 1.5950 (break-even). If the price strongly breaks through 1.6450 and stabilizes, consider raising the remaining position target to 1.7000.

Depth logic: Market logic indicates “price rising, please consider open interest,” current data shows “price rising + OI stable,” which leans more towards main force entering to support the market rather than purely short covering. The order book depth imbalance is -4.71%, with slightly thicker sell orders, but the price has not fallen, further confirming buyer support. The 1H EMA20 has crossed above EMA50 to form a golden cross, indicating a short-term bullish trend. Overall, this is a pullback after a 1H momentum breakout, with a risk-reward ratio >1.5, making it a good opportunity to target.

View real-time market 👇 $ZRO

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