【$XNY Signal】Long | 1H breakout followed by high-level consolidation, funding rate is high but buying pressure supports the price

$XNY RSI 1H hits 78.45, deep buy orders at 1.21, funding rate at 0.0636% still high. After piercing the upper band of the 4H Bollinger Bands, the price retraced near 0.00686, MACD 4H histogram still expanding. 1H MACD bullish momentum shrinking but no death cross, selling pressure gradually being absorbed.

🎯Direction: long

⚡Entry/Order: 0.00684241 - 0.00686300

🛑Stop loss: 0.00679437

🚀Target 1: 0.00696595

🚀Target 2: 0.00701742

🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back to the entry level, exit automatically to protect capital.

Stop loss only 0.7% away, risk-reward ratio of 1.5, short-term trading has decent cost-effectiveness. The 4H bullish trend remains intact, the 1H correction structure is shallow, high funding rate has not triggered a liquidation, making the game more reasonable with a faster wave.

Check real-time market 👇 $XNY
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