【$DOT Signal】Long - 1H Breakout and Pullback Confirmation, Main Force Clearly Protecting the Market

$DOT The 1H timeframe has experienced a strong rally yesterday and is currently in a healthy pullback and consolidation phase. The price is hovering around 1.629, right above the 1H EMA20 (1.593) and the 4H EMA20 (1.550), forming a double support. The key point is that although the price has slightly retraced, the open interest (OI) remains stable, and the funding rate is negative, indicating that bears are still increasing their positions. Meanwhile, the price has not fallen sharply, suggesting strong main force support or short covering intentions. The 1H RSI (59.53) is in a healthy zone, preparing for another upward move.

🎯Direction: Long (Long)

⚡Entry/Order: 1.625 - 1.630

🛑Stop Loss: 1.595

🚀Target 1: 1.680

🚀Target 2: 1.720

🛡️Trade Management:

- Execution Strategy: When the price reaches Target 1 (1.680), reduce position by 50% to lock in profits, and move the remaining position’s stop loss up to the entry price of 1.630. If the price strongly breaks through 1.680 and stabilizes, move the remaining stop loss up to 1.660 to continue aiming for Target 2.

Deep Logic: The 4H timeframe has formed a clear bullish engulfing pattern and volume has broken through the previous consolidation upper boundary. Market depth shows buy orders (bids) are far thicker than sell orders (asks), with a depth imbalance of 16.17%, indicating strong support below. Coupled with negative funding rates and steadily increasing OI, this is not just retail chasing highs but more like main players absorbing liquidity in preparation for the next rally. The 1.610-1.620 zone is a dense trading area and resonates with the 1H EMA50 support, serving as a strong defensive position.

View real-time quotes 👇 $DOT

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