【$TAKE Signal】Pullback to buy + 1H strong consolidation, main force's intention to support the market is clear

$TAKE The 1H level, after a massive surge yesterday, is currently in a high-level strong consolidation, with the price building a platform around 0.055. The 4H level has formed a large bullish candle breaking through the long-term downtrend, confirming a trend reversal. Currently, the 1H RSI(70.91) is somewhat high but not overbought, EMA20_1H(0.0487) provides strong support, and open interest(OI) remains stable during sideways price movement, indicating that the main force has not exited the market. This is a typical strong consolidation, preparing for the next upward move.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0555 - 0.0560 (Reason: Near the lower boundary of the 1H consolidation zone and current market price, actively entering the market)

🛑Stop loss: 0.0535 (Reason: Break below the 1H platform low and EMA50_1H support, structure broken)

🚀Target 1: 0.0600 (Reason: Psychological resistance at previous high and integer level)

🚀Target 2: 0.0650 (Reason: Based on yesterday’s price increase and the 1.618 Fibonacci extension level)

🛡️Trade management:

- Position suggestion: Light position (Reason: Up 30% intraday, extremely high volatility, risk and opportunity coexist)

- Execution strategy: After the price reaches 0.0600, reduce position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price of 0.0555. If the price strongly breaks through 0.0600 and stabilizes, hold the remaining position to target 0.0650.

Deep logic: Market depth shows buy orders(0.0558-0.0550) far exceed sell orders(0.0560-0.0562), with a depth imbalance of -29.21%, indicating strong support below. The funding rate of 0.1129% is positive but not at dangerous levels. Combined with steadily increasing open interest, this suggests that bullish main force is actively supporting the market and accumulating positions, rather than purely short covering. The rejection of deep correction at the 1H level is a sign of strength. The risk is that RSI is high, so short-term profit-taking pressure should be watched, but overall structure remains bullish.

Trade here 👇 $TAKE

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包