【$SPACE Signal】Long - 1H strong breakout, main funds supporting the market, short squeeze trend begins

$SPACE The 1H timeframe has just broken above the EMA20 with increased volume and reached a new high. The price is already above all moving averages on the 4H timeframe, forming a multi-cycle resonance upward trend. The order book shows strong buy depth, and after a 31% surge, the price refuses to retrace deeply. This is a typical signal of main force support and a short squeeze. Open interest remains stable, funding rates are normal, and bullish momentum has not faded.

🎯Direction: Long (Long)

🎯Entry/Order: 0.00705 - 0.00710 (Reason: 1H EMA20 support zone and the upper edge of the dense trading zone )

🛑Stop Loss: 0.00683 (Reason: Break below the 1H previous low and ATR lower band, bullish structure broken )

🚀Target 1: 0.00745 (Reason: Previous high resistance and 4H Fibonacci 0.618 extension )

🚀Target 2: 0.00780 (Reason: 1.618 extension, corresponding to the previous decline wave )

🛡️Trade Management:

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

- Execution strategy: After the price reaches 0.00745, reduce position by 50% and move the stop loss to the entry price of 0.00710. Hold the remaining position to target the second goal. If the price retraces and breaks below the moving stop loss, exit decisively.

Depth logic: After a 31% surge, the 1H RSI(65.48) has not entered overbought territory and still has room to rise. The 4H RSI(74.80) is high, but in a strong Hot Coin trend, it can be tolerated. Key observation: buy one to buy ten orders far exceed sell orders, with a depth imbalance of -1.46%, indicating very strong support below. Main force has no intention of letting the price fall back. Market logic suggests ‘price rising, main force entering or shorts being squeezed out’. Combined with data, this is a typical short squeeze trend initiation, where stop-loss orders from shorts will push the price higher.

Trade here 👇 $SPACE

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包