【$DENT Signal】Pullback on confirmation of secondary dip + 1H level retest, betting on a second surge

$DENT The 1H level experienced a 45% surge yesterday and is now undergoing a healthy correction. The price retested the 1H EMA50 (~0.000345) for initial support. The 4H level remains in a strong upward channel. The current consolidation with reduced volume is an excellent opportunity for a second entry.

🎯Direction: Long (Long)

🎯Entry/Order: 0.000345 - 0.000350

🛑Stop Loss: 0.000328 (below yesterday’s 4H low)

🚀Target 1: 0.000390 (previous high resistance zone)

🚀Target 2: 0.000430 (breakthrough of previous high, aiming for new highs)

🛡️Trade Management:

- Position size suggestion: Light position (Reason: After a sharp rise, volatility is extremely high, risk must be strictly controlled )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price cannot hold above 0.000365 (1H EMA20), consider exiting early.

Deep logic: Although buy order depth (bid_ask_ratio_depth: 1.10) is slightly favorable, key support levels (0.000335-0.000345) have dense orders, forming a protective wall. Open interest remains stable and has not significantly decreased with the price correction, indicating that long positions are not panicking. Negative funding rate (-0.22%) persists, with potential for short squeeze. The 1H RSI (52.61) has retreated from overbought territory to neutral, preparing for another upward move. This is a typical retest after a sharp surge, aiming for a secondary pulse.

View real-time market 👇 $DENT

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