【$DRIFT Signal】Left side distribution completed, right side pullback to buy

$DRIFT 1H timeframe dropped sharply from 0.044 to 0.031, quickly digesting selling pressure. The price has been consolidating around 0.031 for over 4 hours. The lower band of the 4H Bollinger Bands at 0.0242 provides strong support. The current price is above the lower band, MACD histogram is contracting, and bearish momentum is weakening. The order book shows deep buy-side volume, with orders in the 0.0315-0.0317 range far exceeding sell orders, indicating a clear bottoming effort by funds.

🎯Direction: Long

⚡Entry/Orders: Gradually accumulate in the 0.0286 - 0.0293 range

🛑Stop Loss: 0.0224

🚀Target 1: 0.0571

🚀Target 2: 0.0709

🛡️Trade Management:
- Execution Strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect principal.

In a negative fee environment, open interest remains stable, and short positions incur costs. The 1H RSI at 45.44 has exited oversold territory. EMA20 and EMA50 are converging in the 0.033-0.035 range, forming the first resistance to a rebound. Volume on the 4-hour chart diminishes during price declines, indicating a lack of sustained downward momentum. The risk-reward ratio at this level exceeds 4, making it worthwhile to take a small position to attempt a rebound from oversold conditions.

View real-time market 👇 $DRIFT
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#Gate广场四月发帖挑战 #加密市场回升 #黄金白银走高