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【$XNYUSDT Signal】Pullback to add long, the main force's bottom support intention is too obvious
$XNYUSDT After a surge on the 1H timeframe, a pullback occurs. The 4H Bollinger Bands just broke above the upper band, and the momentum is still there. The 1-hour RSI has fallen from 71 to 68, indicating a repair of the buying gap, but the 4-hour MACD histogram is still expanding, so the bullish trend remains intact. The order book shows heavy orders below 0.00755, fully exposing the capital support intention.
🎯Direction: Long
⚡Entry/Orders: Range of 0.006596 - 0.006766, staggered entries
🛑Stop Loss: 0.006300
🚀Target 1: 0.008630
🚀Target 2: 0.009562
🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce position by 50%, and move the remaining stop loss up to the entry price. If the price falls back into the entry zone, exit immediately.
Position size remains above 530 million, and after a nearly 30% rally, there was no collapse in holdings, indicating it’s not just a pump to dump. Negative funding rates provide natural fuel for short squeeze, and closing short positions could become the next push. The 1-hour candlestick is pulling back to the EMA20 area, which is a dense trading zone from previous activity, worth betting on its support strength. The risk-reward ratio exceeds 4, making this setup attractive.
Check real-time market 👇 $XNY
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