【$SPORTFUN Signal】1H breakout pullback confirmation, main force supports the market, betting on a second rally

$SPORTFUN The 1H timeframe has experienced a massive surge yesterday and is currently consolidating at a high level, with the price hovering around 0.0487, testing the validity of the breakout. The 4H timeframe has already strongly broken through the previous consolidation upper boundary, indicating a bullish trend. The key points are: open interest (OI) remains stable during price consolidation, and the buy depth (bid_ask_ratio_depth=1.25) shows strong support below, with clear main force support intentions. The 1H RSI (66.18) has pulled back from the overbought zone, preparing for another upward move. This is a typical pullback after a breakout, presenting an excellent short-term sniper opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0485 - 0.0487 (Reason: 1H EMA20 support zone + lower edge of the previous hour's candlestick body )

🛑Stop Loss: 0.0473 (Reason: Break below the first correction low after yesterday’s surge + ATR lower band )

🚀Target 1: 0.0505 (Reason: Previous high resistance level )

🚀Target 2: 0.0528 (Reason: 4H Fibonacci 1.618 extension level )

🛡️Trade Management:

- Position size suggestion: Light position (Reason: Hot Coin is highly volatile, control risk )

- Execution strategy: After reaching 0.0505, reduce position by 50%, and move the remaining position’s stop loss up to the entry price of 0.0485. If the price strongly breaks through 0.0505 and stabilizes, hold the remaining position to target 0.0528.

Depth logic: Market logic indicates an upward trend, combined with stable OI rather than decreasing, ruling out pure short selling pressure. It appears to be main force support after a rally. The order book depth imbalance of 11.16% favors buyers, showing accumulation of buy orders. The 1H level forms a dense trading zone around 0.0485, serving as a short-term bull-bear dividing line. The funding rate of 0.0314% is positive but not high, indicating no extreme greed yet, leaving room for further upside.

Check real-time quotes 👇 $SPORTFUN

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