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【$COLLECT Signal】Bullish! After a volume breakout on the 1H chart, a pullback for confirmation, main force clearly defending the market
$COLLECT The 1H timeframe experienced a massive bullish candle breakout at 04:00, with the price rising from 0.0517 to 0.0605, followed by a healthy pullback. Currently, the price is around 0.0567, just above the 1H EMA20 (0.0547), forming a potential support. Although the 4H chart is in consolidation, the latest candle closed bullish, and open interest remains stable, indicating that funds have not exited. Combining market logic suggests “price is rising, consider open interest to determine if main force is entering,” with stable OI and firm price, this is a typical main force defending the market/absorbing supply signal, and short-term bullish momentum may continue.
🎯Direction: Long (Long)
🎯Entry/Order: 0.0555 - 0.0565 (Reason: 1H EMA20 support zone + previous 1H candle low area )
🛑Stop loss: 0.0535 (Reason: Break below the 04:00 massive candle trigger point near 0.0517, and below 1H EMA50 )
🚀Target 1: 0.0605 (Reason: Intraday previous high resistance, also the 1H Fibonacci 0.618 retracement level )
🚀Target 2: 0.0625 (Reason: Near the 4H previous high of 0.0623, breaking through opens space )
🛡Trade Management:
- Position suggestion: Light position (Reason: Hot Coin is highly volatile, and the 4H trend is not fully clear )
- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price 0.0560. Hold remaining position for Target 2, and if the price pulls back and breaks below the moving stop, exit all.
Deep logic: The key point is the 1H candle at 04:00, with volume several times that of previous candles, clearly indicating fund inflow. The following two hours saw a volume contraction with a pullback, and bid-ask depth (bid_ask_ratio_depth=1.0) was balanced, with no signs of panic selling. The 1H RSI (54.65) is in a healthy zone, leaving room for further upward movement. OI trend remains stable, and the price has not fallen, ruling out short-squeeze scenarios, and it’s more likely that main force is consolidating and preparing for a second rally after shaking out weak hands. The risk is that if the price cannot quickly break above 0.0605, it may enter a range-bound consolidation between 0.054 and 0.060.
View real-time market 👇 $COLLECT
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