【$BANANAS31 Signal】Long - 1H pullback confirmation, main force clearly protecting the market

$BANANAS31 The 1H timeframe experienced a sharp surge yesterday and is currently in a healthy flag consolidation phase, with the price supported above the key EMA moving averages. The 4H timeframe shows a strong upward trend, with the price far from long-term moving averages, establishing a bullish pattern. Although the 1-hour RSI indicates a slowdown in momentum, open interest remains stable, and buying depth at key price levels is accumulating, suggesting that the main funds have not exited but are preparing for the next rally.

🎯Direction: Long

⚡Entry/Order: 0.006762 - 0.006914

🛑Stop Loss: 0.006450

🚀Target 1: 0.007500

🚀Target 2: 0.007850

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining position’s stop loss up to the entry price. If the price strongly breaks through Target 2, consider holding some positions for greater gains, but strictly follow the take profit levels.

Depth Logic: Over the past 24 hours, the price surged by 32%, but open interest did not significantly decrease with the price movement, showing a “rising price, stable open interest” strong characteristic. This usually indicates genuine bullish buying rather than short covering. The 1-hour candlestick repeatedly tested and stabilized around the 0.0071-0.0072 area, forming a new support level. Market depth data shows buy orders far exceed sell orders below, providing a solid buffer for the price. The current funding rate is moderate, with no signs of extreme greed, leaving room for further upward movement.

View real-time market 👇 $BANANAS31

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