【$XNY Signal】Pullback to Long! 1H retracement confirms support at EMA20, main force clearly protecting the market

$XNY On the 1H timeframe, after experiencing a massive rally, it is currently in a healthy retracement confirmation stage. The price is consolidating strongly around 0.0050, with the 1-hour candlestick firmly above the EMA20 moving average, refusing to dip sharply. Although the 4H timeframe faces resistance from the EMA50 moving average, the open interest remains stable, and buy orders are accumulating at key levels, indicating strong market support from the main force. This is a typical strong consolidation, building momentum for the next upward move.

🎯Direction: Long

⚡Entry/Order: 0.004477 - 0.004500 (patiently wait for retracement)

🛑Stop Loss: 0.004410

🚀Target 1: 0.004432

🚀Target 2: 0.004500

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price. If the price strongly breaks through Target 2 and stabilizes, consider moving the remaining position’s stop loss to hold for greater gains.

(Order Book Logic: Over the past 4 hours, trading volume has exploded, but the price has not fallen sharply, which is a typical “price steady, volume increasing” accumulation pattern. The 1-hour RSI is at a healthy 62, leaving room for further upside. Market depth shows unusually thick buy orders in the 0.0049-0.0050 range, forming a strong support wall, while sell pressure above is relatively dispersed. Combined with positive funding rates, market sentiment is bullish but not overheated, providing a good risk-reward ratio for short-term bulls. )

View real-time market 👇 $XNY

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