$NAORI 1H level is experiencing a healthy pullback after a massive surge, with initial support gained above EMA20 (0.0302). The 4H level saw a towering pillar break through all moving averages, with the trend having turned bullish. The current negative funding rate is as high as -0.2%, but the open interest (OI) remains stable, and the price refuses to drop significantly, which is characteristic of a short squeeze followed by the main force protecting the market; the pullback is an opportunity.
🎯 Direction: Long
🎯 Entry/Limit Order: 0.0340 - 0.0345 (Reason: 1H EMA20 support area & Fibonacci 0.382 retracement level of the previous surge)
🛑 Stop Loss: 0.0328 (Reason: falls below 1H EMA50 support & the low point of the previous 4H candlestick)
🚀 Target 1: 0.0380 (Reason: previous high resistance level, also the 1.272 Fibonacci extension level)
🚀 Target 2: 0.0407 (Reason: historical high point, opening up space after the breakout)
🛡️ Trade Management:
- Position Suggestion: Light Position (Reason: extremely high intraday volatility, high ATR value, strict risk control needed)
- Execution Strategy: After entering, if the price quickly rises to Target 1, reduce the position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price. The remaining position aims for Target 2. If the price consolidates in the entry area for more than 4 1H candlesticks without starting, consider exiting early.
In-depth Logic: The market shows that although the buying depth is slightly inferior to the selling depth (depth imbalance -1.24%), there is a substantial accumulation of buy orders from 0.0345 to 0.0340, indicating that funds are actively supporting. The 1H RSI has fallen from the overbought zone to 72, creating space for another upward movement. Most importantly, despite the large increase and negative funding rates, OI has not seen a significant decline, indicating that shorts have not capitulated on a large scale, and there are no signs of selling by the bullish main force, suggesting that the game will continue, and volatility means profit.
Trade here 👇$NAORIS ---
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