$GWEI 1H level is strongly consolidating above EMA20, just completed testing and retesting the previous high of 0.03725. The 4H level has broken through the downward trendline, forming a double bottom pattern, and the current price is holding above the 4H EMA20, with momentum building. The order book depth shows significantly more buy orders than sell orders, with an imbalance rate of 22.83%, indicating a clear intention by the main force to defend the price. Open interest remains stable, and after a sharp rise yesterday, the price refused to undergo a deep correction. This is a typical strong consolidation, preparing for the next upward move.

🎯Direction: Long (Long)
🎯Entry/Order: 0.03668 - 0.03685 (Near current price)
🛑Stop loss: 0.03535 (Break below 1H EMA50 and the previous 4H candle low)
🚀Target 1: 0.03822 (Previous high resistance)
🚀Target 2: 0.03994 (4H level previous high)
🛡️Trade management:
- Position suggestion: Standard position (Reason: 1H/4H structure resonance, strong order book support, favorable risk-reward ratio)
- Execution strategy: When the price reaches 0.03822, 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 0.03994, move the remaining position’s stop loss up to 0.0385 to seek greater space.
Depth logic: After a 24-hour sharp rise, the price has not experienced a significant pullback. The 1H RSI(61.52) is healthy, far from overbought, with ample room for upward movement. The 4H RSI(60.98) is also in a strong zone. The key point is the order book depth: buy orders are far greater than sell orders, showing very strong support below, making it difficult for bears to suppress. Combining market logic, “price rising, please consider whether the main force is entering or the bears are stepping on the brakes,” current open interest is stable, and the price is firm, more likely due to main force accumulating and defending, brewing a short squeeze.
View real-time market 👇 #Gate广场发帖领五万美金红包 $GWEI