【#Gate2月透明度报告 Signal】Pullback to buy + 1H level retest confirmation, clear signs of main force defending the market

The 1H level has experienced a massive rally and is now undergoing a healthy correction, with the price retracing to the key EMA support area. The 4H level has formed a strong breakout structure, with open interest remaining stable, indicating that the main capital has not exited the market. The negative funding rate suggests that bears are facing a short squeeze risk. The current pullback is an excellent second opportunity to enter.

🎯 Direction: Long

⚡ Entry/Order: 0.02037 - 0.02090

🛑 Stop Loss: 0.01930

🚀 Target 1: 0.02727

🚀 Target 2: 0.03046

🛡️ Trading Management:

- Execution Strategy: After the price reaches the first target of 0.02727, 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 strongly breaks through the second target, consider holding part of the position to seek greater gains.

$SXT Depth Logic: The 4-hour chart shows a massive bullish candle establishing an upward trend, followed by consolidation at high levels, which is a typical strong shakeout. The RSI on the 1-hour chart has fallen from overbought to healthy levels, preparing for another rally. Market depth data shows buy orders far outnumber sell orders, with a depth imbalance rate of 2.49%, indicating strong support below. Open interest remains stable after the price surge, combined with a negative funding rate of -0.46%, forming a classic short squeeze structure. Short positions have high entry costs, and any rebound could trigger a short squeeze. $SXT

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