【$SPACE Signal】Pullback to Long + 1H Strong Consolidation, Clear Signs of Main Force Supporting the Market

$SPACE After experiencing an 85% violent surge, the 1H timeframe has entered a high-level strong consolidation. The price is building a platform in the 0.0123-0.0135 range, with the 1H EMA20 (0.0109) providing dynamic support. The 4H EMA20 (0.0082) has widened significantly, indicating a strong trend. Currently, the 1H RSI (70.92) is healthily retreating from overbought territory. Open interest (OI) remains stable and has not dropped sharply with the price correction, showing that the main force has not exited but is accumulating at this price level. Market depth shows a large accumulation of sell orders above 0.01249 (948K), but buy orders below 0.01246 are also dense, creating a standoff, with a breakout imminent.

🎯 Direction: Long (Long)

🎯 Entry/Order: 0.01235 - 0.01245 ( Reason: 1H consolidation lower boundary + dense buy support zone )

🛑 Stop Loss: 0.01195 ( Reason: Break below 1H platform low + ATR(0.0012) below )

🚀 Target 1: 0.01345 ( Reason: Previous high resistance level, acceleration after breakout )

🚀 Target 2: 0.01480 ( Reason: 1.618 Fibonacci extension based on recent gains )

🛡️ Trading Management:

- Position suggestion: Light position ( Reason: Daily gains are already significant, volatility is extremely high, prevent sharp shakeouts )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price (break-even). If the price strongly breaks above 0.0135 and stabilizes, consider chasing profits towards 0.0148.

Depth logic: This is a typical “healthy correction after violent surge” scenario. The 4H continuous volume-increasing bullish candles establish an upward trend, while the 1H consolidates to digest profit-taking. The key signal is stable OI, with no fund outflow during the correction, combined with a positive funding rate (0.0583%), indicating market sentiment remains bullish. Market depth imbalance (-14.12%) shows slightly heavier selling pressure, but the buy orders below are sufficient to support a rebound. The entry point is at the moment of pullback to the support zone.

Trade here 👇 $SPACE

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