【$IR Signal】Long - 1H pullback confirmation, main force clearly intends to support the market

$IR The 1H timeframe has experienced a massive rally and is now undergoing a healthy pullback and consolidation, with the price finding initial support near EMA20 (0.0871). The 4H timeframe has broken through the previous consolidation platform, with EMA20 (0.0816) and EMA50 (0.0753) in a bullish alignment, indicating a medium-term upward trend. The current negative funding rate (-0.0129%) and stable open interest (OI) suggest that shorts are still paying fees, with a risk of short squeeze. The order book shows sell orders accumulating above 0.0892, but buy depth is concentrated, and a breakout will accelerate the move.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0885 - 0.0890 (Reason: 1H EMA20 support zone and previous hour’s low)

🛑Stop Loss: 0.0862 (Reason: Break below the 4H bullish candle start point at 0.0863 and ATR lower band)

🚀Target 1: 0.0925 (Reason: Previous high resistance and 1H Fibonacci 0.618 extension level)

🚀Target 2: 0.0950 (Reason: 4H previous high and psychological round number)

🛡️Trade Management:

- Position size suggestion: Light (Reason: Hot Coin has high volatility, risk per trade should be controlled)

- Execution strategy: After reaching 0.0925, reduce position by 50% and move stop loss to entry price 0.0890. Remaining position aims for the second target; if the price pulls back and breaks below the moving stop, exit all.

Depth logic: The trading volume in the past 4 hours has significantly increased, indicating large capital involvement. The 1H RSI (58.75) has fallen from overbought territory to a healthy zone, preparing for another upward move. Although the buy/sell ratio is slightly low, the stable OI after price rise suggests it’s not purely driven by short covering, possibly new longs entering. The order book imbalance (-10.76%) shows slightly heavier sell pressure above, but key support levels have dense buy orders, and the main force’s support intention is clear. This is a typical breakout pullback confirmation pattern, with a risk-reward ratio >1.5, making it a good entry point.

View real-time market 👇 $IR

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