$AZTEC 1H timeframe enters a strong sideways consolidation after a sharp rise, with the price staying above EMA20(0.0285), rejecting deep retracement. The 4H EMA20(0.0239) has significantly crossed above EMA50(0.0227), establishing an upward trend. Currently, the 1H RSI(68) is healthy after exiting the overbought zone, with a negative funding rate(-0.2%) and stable open interest, indicating that bears are still paying high costs, and short squeeze logic continues. Selling pressure is concentrated around 0.0306-0.0307; once broken, it will accelerate.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0303 - 0.0305 (Reason: 1H EMA20 dynamic support zone and dense previous hour’s candlestick area)

🛑Stop Loss: 0.0295 (Reason: Break below the 1H consolidation platform and previous low support)

🚀Target 1: 0.0320 (Reason: Previous high resistance and 4H Fibonacci 0.618 extension level)

🚀Target 2: 0.0335 (Reason: Historical high resistance zone)

🛡️Trade Management:

- Position suggestion: Light position (Reason: Significant intraday rally, extremely high volatility)

- Execution strategy: After entering, if price quickly surges to around 0.0315, take partial profits; move the remaining stop loss up to the entry price. After reaching Target 1, reduce position by 50% and move stop loss up to 0.0310.

Depth logic: Massive turnover in the past 4 hours, with open interest remaining stable rather than decreasing, indicating that main funds have not exited, which is healthy turnover. Buy-side depth around 0.0304 is unusually thick, forming a support wall. The 1H chart shows an ascending triangle pattern with higher highs and higher lows, indicating an imminent reversal. Combined with the negative funding rate, short positions have high passive holding costs, and any upward breakout could trigger a chain of stop-loss buy orders.

View real-time market 👇 $AZTEC

---

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