【$SENT Signal】Pullback to buy! 1H pullback confirmation, signs of main force defending the market under negative fee rate

$SENT The 1H level experienced a sharp surge yesterday and is now undergoing a healthy correction, with the price pulling back to around the 1H EMA20 (0.0235) for initial support. The 4H level has broken through the previous consolidation zone, indicating an upward trend. The current pullback is an excellent second entry opportunity. Key data: negative funding rate (-0.0055%) suggests bears are still in control, but open interest (OI) remains stable, and the price has not fallen sharply, indicating potential main force support or short covering.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0238 - 0.0240 (Reason: 1H EMA20 support zone + upper boundary of the dense trading area in the previous 1H candlestick )

🛑Stop loss: 0.0233 (Reason: Break below yesterday’s 4H large bullish candle start and key support, ATR stop loss is reasonable )

🚀Target 1: 0.0250 (Reason: Previous high resistance level and psychological integer level )

🚀Target 2: 0.0265 (Reason: 1.618 Fibonacci extension level, corresponding to the previous high on the daily chart )

🛡️Trading management:

- Position suggestion: Light position (Reason: Hot coin volatility is intense, and the correction depth may exceed expectations )

- Execution strategy: After the price reaches 0.0250, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.0239. If the price strongly breaks through 0.0250 and stabilizes, hold the remaining position to target the second profit level.

Deep logic: Order book data shows very thick buy orders in the 0.0238-0.0239 range, providing buffer for the price. The 1H RSI (58.43) has fallen from a high to a neutral zone, gathering strength for another upward move. Combined with the negative fee rate and stable OI, this is not just a profit-taking move by bulls but more like bears adding positions after being absorbed by main force. Once buying momentum kicks in, a short squeeze is highly likely.

Check real-time quotes 👇 $SENT

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