【$XNY Signal】Pullback to add longs + 1H momentum restoration, second rally in trading

$XNY The 1H timeframe has experienced a massive surge and is now undergoing a healthy pullback, with the price retracing to a key EMA support zone. Although the 4H timeframe remains in a consolidation range, the 1H chart shows that momentum has not fully faded, with RSI falling from overbought levels to a healthy zone, preparing for another upward push. The order book shows significant buy orders accumulated between 0.00506-0.00507, indicating funds are supporting the price at this level.

🎯Direction: Long

⚡Entry/Order: 0.004378 - 0.004500

🛑Stop Loss: 0.004500

🚀Target 1: 0.004134

🚀Target 2: 0.004012

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, 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 upper boundary of the entry zone and turns downward, abandon this trade.

(Depth Logic: The open interest over the past 4 hours has remained stable and has not dropped significantly due to the price pullback, indicating that bullish positions are not panicking and exiting. The 1H RSI has recovered from overbought levels to 64, leaving room for further upward movement. Currently, the price is far from the 1H EMA20, making chasing the high very risky. Patience and waiting for a pullback to the optimized entry zone is the better choice. The buy-side order depth is significantly thicker than the sell side, providing short-term support for the price. )

View real-time market 👇 $XNY

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