【$IDOL Signal】Long + 1H momentum breakout, main funds supporting the market

$IDOL The 1H timeframe has just completed a volume-driven giant bullish breakout, with the price reaching a recent high, indicating extremely strong momentum. The 4H timeframe has broken through the previous consolidation zone, forming a bullish engulfing pattern, signaling a trend reversal. Although the 1H RSI has entered overbought territory, the stable open interest and continuous capital inflow suggest a high probability of short covering or follow-up rally.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0245 - 0.0247 (Reason: Slight consolidation after the breakout retest, also the current dense trading zone)

🛑Stop Loss: 0.0237 (Reason: Break below the start of the 1H giant bullish candle, indicating trend invalidation)

🚀Target 1: 0.0258 (Reason: 0.618 Fibonacci retracement of the previous decline)

🚀Target 2: 0.0270 (Reason: 1.272 Fibonacci extension, also a previous dense chip zone)

🛡️Trade Management:

- Position Size Suggestion: Light (Reason: 1H RSI is overbought, volatility is intense, strict risk control needed)

- Execution Strategy: When the price reaches 0.0258, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.0245. If the price strongly breaks through 0.0258, hold the remaining position to target the second goal.

Deep Logic: Volume surged nearly 10 times in the past 4 hours, a typical signal of main funds entering. Despite the sharp price increase, open interest remains stable, indicating not just short covering but new long capital entering. Market depth shows large buy orders (~0.0245), forming a support wall. The market logic suggests ‘price rising, combined with open interest analysis,’ indicating a higher likelihood of main fund entry. The 1H EMA20 has crossed above EMA50, forming a golden cross, establishing a short-term bullish alignment.

View real-time market 👇 $IDOL

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