【$H Signal】Pullback to accumulate! 1H level retracement confirmed, clear signs of main force supporting the market

$H After experiencing a sharp surge yesterday, the 1H level is currently in a healthy retracement and consolidation phase. The price is supported around 0.223, with the 1H RSI (50.29) in a neutral zone, gathering strength for another upward push. Looking at the 4H level, the price remains firmly above the EMA20 (0.2101), indicating the medium-term upward trend remains intact. The key points are: open interest (OI) remains stable, not significantly decreasing due to the price correction, and the order book shows buy-side depth significantly exceeding sell-side (depth imbalance 30.61%), indicating that the main capital has not exited but is actively supporting the market at this price level. This is a typical characteristic of a strong coin undergoing a retracement and shakeout, presenting a short-term sniper opportunity.

🎯 Direction: Long (Long)

🎯 Entry/Order: 0.2230 - 0.2240 ( Reason: Support at the lower boundary of the 1H consolidation zone, combined with the current dense trading area in the order book )

🛑 Stop loss: 0.2170 ( Reason: Break below the previous 1H candle low and the key psychological level 0.22 )

🚀 Target 1: 0.2375 ( Reason: Yesterday’s 4H high resistance )

🚀 Target 2: 0.2520 ( Reason: Previous high resistance and a potential extension target for this round of rally )

🛡️ Trading management:

- Position suggestion: Light position ( Reason: Hot coins are highly volatile; retracement plays require risk control )

- Execution strategy: After entering, if the price rebounds smoothly to around 0.2320 (near 1H EMA20), move the stop loss to break even at the entry price. After reaching Target 1, reduce position by 50%, and trail the remaining position’s stop loss to 0.2320 to aim for Target 2.

Depth logic: Data reveals the truth. Although the price has pulled back from the high, OI remains stable, indicating that bullish positions are not panic-selling. Funding rate is only 0.005%, with no risk of a short squeeze. More importantly, buy-side accumulation in the order book (bid_ask_ratio_depth: 1.88) is significant, while sell orders are sparse. This is a typical “support” structure, making it difficult for bears to push the price down easily. The 1H RSI has recovered from overbought to neutral, providing room for another upward move. Combined with the overall upward trend on the 4H chart, this retracement point offers an excellent risk-reward short-term entry.

Trade here 👇 $H

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