【$SPACE Signal】1H pullback confirmation, sniper for secondary surge

$SPACE The 1H timeframe is consolidating strongly above the EMA20 (0.0064), recently forming a bullish engulfing pattern, confirming the end of the pullback. The 4H timeframe has broken through the long-term downtrend line. Yesterday’s 28% surge announced the return of major players. The current volume contraction for the pullback is an excellent opportunity for a second entry. Open interest remains stable, funds have not exited, and buy-side order depth far exceeds sell-side (imbalance of 15.82%), indicating a short squeeze is brewing.

🎯Direction: Long (Long)

🎯Entry/Order: 0.00685 - 0.00690 (Reason: 1H bullish engulfing confirmation + steady support at EMA20_1h)

🛑Stop loss: 0.00650 (Reason: Break below 1H structure’s previous low and key support at EMA50_1h)

🚀Target 1: 0.00730 (Reason: Previous high resistance and Fibonacci 0.618 level on 4H)

🚀Target 2: 0.00780 (Reason: Previous high on 4H and 1.618 extension level)

🛡️Trade management:

- Position size suggestion: Standard position (Reason: 4H breakout confirmed, 1H structure is clear, risk is controllable)

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price strongly breaks through 0.0073, move the remaining stop loss to break even and hold for greater gains.

Depth logic: After the surge, open interest remains stable, indicating major funds have not exited but are instead rotating at high levels. The 1H RSI (63.27) is healthy after pulling back from overbought territory, preparing for a second attack. Order book shows mountain-like buy orders and sparse sell orders, indicating strong short squeeze expectations. The 4H has formed a clear bottom reversal structure, targeting the 0.0078 area.

Trade here 👇 $SPACE

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