【$SPACE Signal】Pullback to Long + 1H Strong Consolidation, Waiting for Second Push

$SPACE The 1H timeframe experienced a 33% surge and is now consolidating strongly below the previous high of 0.007428, with EMA20( providing dynamic support. This is a typical bullish continuation pattern. The 4H timeframe has broken through the downtrend line, with EMA20 and EMA50 forming a golden cross, indicating a trend reversal to bullish. Open interest remains stable, price is firm, and the main force’s intention to defend the market is clear. Pullbacks are opportunities.

🎯Direction: Long )Long(

🎯Entry/Order: 0.00715 - 0.00725 )Reason: Dynamic support from 1H EMA20 and previous hour’s low(

🛑Stop Loss: 0.00695 )Reason: Break below the 1H consolidation platform low and EMA50 support(

🚀Target 1: 0.00765 )Reason: Above the previous high of 0.007428, first resistance after breakout(

🚀Target 2: 0.00800 )Reason: Based on the recent rally’s 1.618 Fibonacci extension level(

🛡️Trade Management:

- Position suggestion: Light position )Reason: High intraday volatility, control risk(

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price strongly breaks through 0.00765 and stabilizes, hold the remaining position towards Target 2.

Deep Logic: No significant pullback after the surge; 1H RSI)65.96( has healthyly retreated from overbought territory, indicating buying strength remains strong. 4H RSI)74.22( is high but not exhausted, leaving room for further upside. The key is whether the price can stabilize above 1H EMA20)0.0067(, which is a test of bullish momentum. Open interest)Open Interest( remains stable and has not decreased with consolidation, indicating that bullish positions have not exited en masse, preparing for a second push.

Trade here 👇 )
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