【#Gate2月透明度报告 Signal】Long | 1H breakout with volume, clear intention of main force to defend the price

The 1H timeframe just completed a strong volume-driven rally, with the price rising directly from a low of 84.86 to above 88.5, forming a V-shaped reversal. On the 4H chart, the price has already broken above all short-term moving averages, but the current price is far from the 1H EMA20, making chasing the high riskier. Open interest remains stable, combined with negative funding rates, indicating that bears are still paying fees, with potential for short squeeze. The order book shows deep buy-side support, with strong support below.

🎯 Direction: Long (buy on pullback)

⚡ Entry/Order: 85.4 - 86.2

🛑 Stop Loss: 85.4

🚀 Target 1: 89.2

🚀 Target 2: 90.8

🛡️ Trading Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and immediately move stop loss up to the entry price. Trail the remaining position for take profit, aiming for Target 2. If the price fails to hold above the upper boundary of the entry zone and turns downward, abandon this trade.

Order Book Logic: The past 4 hours saw a price rally accompanied by significantly increased volume, a clear signal of main capital entering. Although the current 1H RSI is high, the 4H RSI indicates healthy momentum and is far from overbought. Open interest remained stable during the price rise, suggesting it’s not just short covering but active buying by longs. The order book shows buy orders far exceeding sell orders, providing solid support below. Negative funding rates persist, increasing the cost for shorts and favoring longs.

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