$SPORTFUN 1H level is undergoing a healthy pullback after a massive surge. The current price has precisely pulled back to the 1H EMA20 moving average (0.0370) and has temporarily stabilized, which is a classic bullish entry signal in a strong trend. The 4H level has broken through the long-term downward trend line, with a large bullish candle establishing a short-term bottom. Open Interest (OI) remains stable, indicating that capital has not significantly withdrawn, and the pullback presents an opportunity.
🎯 Direction: Long
🎯 Entry/Order: 0.0375 - 0.0380 (Reason: 1H EMA20 support area & previous 1H candlestick body low)
🛑 Stop Loss: 0.0365 (Reason: falls below 1H EMA50 and the previous 1H candlestick low point, structure breakdown)
🚀 Target 1: 0.0405 (Reason: previous high resistance level and intraday high)
🚀 Target 2: 0.0425 (Reason: previous high at 4H level and 1.618 Fibonacci extension)
🛡️ Trade Management:
- Position Suggestion: Light position (Reason: significant intraday volatility, need to strictly control risk)
- Execution Strategy: After the price reaches Target 1, reduce the position by 50% and move the stop loss to the entry price. The remaining position aims for Target 2; if the price stagnates near Target 1, consider taking full profit.
Deep Logic: The trading volume in the past 4 hours has shown a stepped increase, indicating the involvement of major funds. The 1H RSI (59) has pulled back from the overbought zone to a healthy area, building momentum for another upward movement. Market depth shows a pile-up of sell orders at 0.0384-0.0385; once broken, it will accelerate upward. The current price is supported at the 1H EMA20, a typical strong pullback buying point.
Check real-time market data 👇 $SPORTFUN
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