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#Gate蓝龙虾重磅上线 #伊朗在霍尔木兹海峡布设水雷 #原油价格回落 【$TOWNS Signal】Pullback to Long + 1H Level Support Confirmation, Gaming for a Second Surge
$TOWNS The 1H timeframe has experienced a massive rally and is now in a healthy pullback and consolidation phase. The price has retreated from the high and is testing the support area of the 1-hour moving averages, with trading volume shrinking. This is a typical sign of a strong correction. Looking at the 4-hour chart, an epic bullish candle has completely reversed the downward trend. The current pullback has not broken the upward structure, and open interest remains stable, indicating that funds have not exited en masse. The negative funding rate further provides a safety cushion for the bulls.
🎯Direction: Long (Pullback to Long)
⚡Entry/Order: 0.003783 - 0.003880
🛑Stop Loss: 0.003700
🚀Target 1: 0.004602
🚀Target 2: 0.004963
🛡️Trade Management:
- Execution Strategy: After the price reaches the first target of 0.004602, 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 fails to break above the previous high of 0.004337 and turns downward, trigger the trailing stop to exit all positions.
(Depth Logic: The over 13% increase in the past 24 hours was driven by massive buy orders, not retail traders. Although current buy depth is slightly favorable, there are very thick buy orders below the key support levels, providing strong support. The 1-hour RSI has fallen from high levels to a healthy zone, preparing for another upward move. In a negative funding rate environment, short positions face ongoing cost pressure, and any upward volatility could trigger a short squeeze. The current price is in an optimized entry zone, offering an excellent risk-reward ratio for a strategic position. )
View real-time market 👇 $TOWNS
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