【$TAG Signal】Long - 1H breakout and retest confirmation, main force clearly defending the market

$TAG The 1H timeframe is consolidating strongly above the EMA20, having just completed the first test of the previous high at 0.0003798 and then pulling back. The 4H timeframe has broken through the downward trendline, forming an ascending relay structure. Currently, the price is supported by the 1H EMA20 (~0.0003700), with buy orders far exceeding sell orders (depth imbalance +18.79%), and open interest remains stable, indicating that the main force is defending the market rather than a short squeeze. This is a typical strong consolidation, preparing for a second upward move.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0003705 - 0.0003715 (Reason: 1H EMA20 support zone + dense buy order levels)

🛑Stop Loss: 0.0003680 (Reason: Break below the 1H structure’s previous low and the lower boundary of dense buy orders)

🚀Target 1: 0.0003795 (Reason: Previous high resistance level, also a recent high on the 4H timeframe)

🚀Target 2: 0.0003850 (Reason: Previous high resistance zone on the daily chart)

🛡️Trading Management:

- Position Size Recommendation: Standard position (Reason: 1H/4H structure resonance, strong order book support)

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price (break-even). If the price strongly breaks through 0.0003795 and stabilizes, the remaining position target can be set at 0.0003850.

Depth Logic: In the past 4 hours, the price has risen without accompanying decline in open interest, indicating that long positions are solid and not just short covering. The 1H RSI (54.22) is in a healthy bullish zone with room for further upside. The order book shows a large accumulation of buy orders between 0.0003688 and 0.0003709, forming a solid support wall, while sell orders above are relatively sparse. Breaking through 0.0003720 faces less resistance and is likely to lead to a quick rise.

View real-time market 👇 $TAG

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