【$XNY Signal】Long - 1H breakout retest confirmation, strong buying support

$XNY The 1H timeframe has completed a retest confirmation above EMA20/50, with the current price close to the upper boundary of the dense trading zone. Although the 4H timeframe is in consolidation, the 1H buy volume is substantial, with the latest 1-hour candlestick showing a buy ratio of up to 62%. The main force is clearly supporting the price, and short-term momentum is building.

🎯Direction: Long (Long)

🎯Entry/Order: 0.00478 - 0.00482 (Reason: 1H EMA20 support zone resonating with the upper boundary of the dense trading zone )

🛑Stop Loss: 0.00468 (Reason: Breaking below the previous low of the 1H structure and EMA50 support )

🚀Target 1: 0.00502 (Reason: Breakout of previous high resistance, 1H previous high )

🚀Target 2: 0.00525 (Reason: 4H previous high and Fibonacci 0.618 extension level )

🛡️Trade Management:

- Position Size: Light (Reason: 4H trend is not fully clear, but 1H structure is clear )

- Execution Strategy: When price reaches 0.00502, reduce position by 50% and move stop loss to entry price. Hold remaining position for the second target. If price retests the lower boundary of the entry zone, consider adding once.

Depth Logic: Market depth shows buy orders (bids) far exceed sell orders (asks), with an imbalance of 19.69%, indicating strong support below. Open interest remains stable; the price increase is driven by genuine buy volume, not short covering. The 1H RSI at 55.89 is in a healthy bullish zone with room for further upside. Combined with positive funding rates, market sentiment is bullish, suitable for trend-following entries.

View real-time market 👇 $XNY

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