【$MINA Signal】Long - 1H pullback confirmation, main force clearly defending the market

$MINA The 1H timeframe, after a strong rally, is pulling back to test the key EMA20 (0.0599) for confirmation. The 4H timeframe has broken through the downward trendline and stabilized above EMA20 (0.0591), indicating a shift to a sideways to bullish trend. The current price is holding above the 1H EMA20, with the latest one-hour buy ratio reaching 60%. The main force's intention to defend the market is clear, making it an excellent short-term sniper opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0607 - 0.0610 (Reason: 1H EMA20 support zone, latest candle body upper edge )

🛑Stop Loss: 0.0595 (Reason: Break below 1H EMA50 and previous candle low )

🚀Target 1: 0.0625 (Reason: Previous high resistance level, also a recent high on the 4H timeframe )

🚀Target 2: 0.0640 (Reason: 1.618 Fibonacci extension level, corresponding to the previous decline start )

🛡️Trading Management:

- Position size suggestion: Standard position (Reason: 1H/4H trend resonance, risk controllable )

- Execution strategy: When the price reaches 0.0625, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.0607. If the price strongly breaks through 0.0625 and stabilizes, hold the remaining position towards 0.0640.

Deep logic: The market shows extremely strong bullish resilience. Although the price retraced from the high of 0.06248, open interest (OI) remains stable and did not drop significantly, indicating that bullish positions are not panicking and exiting. The 1H RSI (63.38) is in a healthy bullish zone and not overheated. Market depth shows buy orders far exceeding sell orders (depth imbalance -13.84%), with large buy orders accumulated in the 0.0607-0.0608 zone, forming a solid defense line. Combined with positive funding rates, this is a typical healthy retracement in a bullish trend and a good entry opportunity.

View real-time market 👇 $MINA

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