【$XPIN Signal】Long - 1H breakout pullback confirmation, clear signs of main force supporting the market

$XPIN The 1H timeframe has experienced a volume surge and is now in a healthy pullback confirmation stage. The price is consolidating around 0.001724, with the 1H EMA20 (0.0017) providing dynamic support, and the 1H RSI (56.62) remains in a neutral to slightly strong zone, showing no signs of exhaustion. Although the 4H level is oscillating, the latest candle closed bullish, and open interest (Open Interest) remains stable, indicating no large-scale profit-taking by longs during the upward move, with clear signs of main force supporting the market. Market depth shows a large accumulation of buy orders in the 0.00171-0.001715 range (over 8 million U), forming a solid defense line.

🎯Direction: Long (Long)

🎯Entry/Order: 0.001715 - 0.001720 (Reason: Pullback to 1H EMA20 support zone, and a large volume buy order zone)

🛑Stop loss: 0.001695 (Reason: Break below the dense buy zone and the previous 1H candle low)

🚀Target 1: 0.001765 (Reason: Previous high resistance level, also the intraday high)

🚀Target 2: 0.001820 (Reason: 4H previous high and 1.618 Fibonacci extension level)

🛡️Trade management:

- Position suggestion: Light position (Reason: Hot Coin is highly volatile, strict risk control needed)

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.001720. If the price strongly breaks through 0.001765 and stabilizes, the remaining target can be extended to 0.001820.

Depth logic: The current funding rate is positive but not high (0.0050%), eliminating short-term liquidation risk. The key point is that open interest remains stable while the price rises, usually indicating genuine buying pressure rather than short covering. The buy/sell ratio on the 1H level reached 0.60 during the rally, showing strong active buying. The current market imbalance is 12.37%, with dispersed sell pressure, conducive to upward testing. Overall, this is a low-risk, high-reward pullback opportunity for long entries.

Trade here 👇 $XPIN

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