【$GWEI Signal】Long - 1H pullback confirmation, main force clearly intends to support the price

$GWEI The 1H timeframe has experienced a massive rally and is now consolidating strongly at a high level, with the price building a platform around 0.0439. The 4H timeframe has broken through the long-term downtrend, with EMA20 and EMA50 forming a golden cross, indicating a trend reversal. The current 1H RSI(57) is healthy for a pullback, preparing for another upward move.

🎯Direction: Long (Long)

⚡Entry/Order: 0.0438 - 0.0440

🛑Stop Loss: 0.0414

🚀Target 1: 0.0475

🚀Target 2: 0.0510

🛡️Trade Management:

- Position suggestion: Light position

- Execution strategy: After reaching Target 1, take profit on 50% of the position, and move the stop loss of the remaining position up to the entry price of 0.0440. If the price strongly breaks through 0.0475 and stabilizes, consider raising the remaining position target to near the previous high of 0.0530.

Deep logic: Over the past 24 hours, the increase has exceeded 24%, but open interest(OI) remains stable, indicating it’s not just a short squeeze, but shows new funds are entering. The order book depth shows relatively balanced buy and sell orders, but large sell orders are concentrated just above 0.04405. Once broken, a short squeeze will occur. The 1H EMA20(0.0420) provides strong dynamic support, combined with the breakout structure on the 4H timeframe, making a pullback an opportunity.

View real-time market 👇 $GWEI

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