【$LIFE Signal】Short Cover Rebound + 1H Momentum Breakout

$LIFE The 1H timeframe has stabilized above EMA20 and broken through the previous high, forming a short-term upward channel. Although the 4H timeframe is in consolidation, the 1H momentum is strong, open interest (OI) remains stable, and after a massive surge yesterday, the price refused to undergo a deep correction, indicating clear institutional support. Currently, the order book shows deep buy-side volume, and a short covering rally is brewing.

🎯Direction: Long (Long)

⚡Entry/Order: 0.0736 - 0.0738

🛑Stop Loss: 0.0700

🚀Target 1: 0.0780

🚀Target 2: 0.0820

🛡️Trade Management:
- Position Size: Light
- Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss up to the entry price of 0.0736. Trail the remaining position with a take profit, and exit all if the 1H close drops below EMA20 (around 0.0710).

Depth Logic: Over the past 24 hours, the price has increased by nearly 18%, but open interest remains stable, with no signs of profit-taking leading to a sharp drop in holdings, indicating strength. The 1H RSI is at 62.73, in a healthy upward zone, not overheated. The order book depth imbalance is at 14.27%, with concentrated buy orders below at 0.0735-0.0730, forming immediate support. Watch the 4H resistance at the previous high of 0.0762; a breakout could open the upside space.

View real-time market 👇 $LIFE

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