【#Gate蓝龙虾重磅上线 Signal】Pullback to go long! 1H retraces to EMA50 support, waiting for rebound

After a rapid surge, the 1H timeframe is now retracing to the key EMA50 support, with the price oscillating around 70184. The 4H timeframe shows a high-level consolidation, but open interest remains stable, with no signs of large-scale long liquidation. The 1-hour chart indicates that the price has formed a new consolidation platform within the 69000-71000 range, currently testing the midline support of the platform. Market depth data shows that buy orders around 70150 are unusually thick, forming a protective wall, suggesting strong buying interest from the main players at this price level.

🎯 Direction: Long (pullback to buy)

⚡ Entry/Order: 69548 - 69752

🛑 Stop Loss: 69098

🚀 Target 1: 70160

🚀 Target 2: 70363

🛡️ Trading Management:

- Execution Strategy: After reaching Target 1, reduce positions by 50% and lock in partial profits, while moving the stop loss of the remaining position up to the entry price. If the price strongly breaks through Target 2, move the remaining position’s stop loss up to Target 1 to seek greater gains.

Depth Logic: Although the price has dipped slightly, open interest remains stable, indicating it’s not a typical distribution by the main players, but more like a technical retracement caused by long liquidation. The 1-hour RSI has fallen from overbought territory to a neutral zone, preparing for another upward move. The key support zone at 69500-69700, resonating with the 1-hour EMA50 and 4-hour EMA20, is an excellent area for bullish accumulation. The funding rate is slightly negative, reducing the risk of a short squeeze and creating favorable conditions for a rebound. The buy orders below are much thicker than sell orders, providing solid downside support.

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