【$BANK Signal】Pullback to Long! 1H Retracement Confirmation, Main Force Showing Signs of Support



$BANK The 1H timeframe experienced a 26% surge yesterday and is currently in a healthy flag consolidation phase. The price is oscillating within the 0.0413-0.0429 range, with the 1H EMA20 (0.0406) providing dynamic support. The 4H level has stabilized above the EMA20 (0.0360), indicating a mid-term trend has shifted from down to up. The current 1H RSI (59.88) has pulled back from overbought territory to a healthy zone, preparing for another upward move. Market depth data shows strong buy-side support (depth imbalance 3.80%), and open interest remains stable, indicating that main capital has not exited but is rotating at high levels.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0415 - 0.0418 (Reason: Resonance between the 1H EMA20 dynamic support zone and yesterday’s retracement at the 0.382 Fibonacci level )

🛑Stop Loss: 0.0405 (Reason: Break below the 1H EMA20 and previous minor support low, ATR stop loss approximately 0.001 )

🚀Target 1: 0.0435 (Reason: Previous high resistance and prior wave high on the 1H level )

🚀Target 2: 0.0450 (Reason: 4H previous high resistance and 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position Size Suggestion: Light (Reason: Hot coins have extremely high volatility, and after a surge, they are in a consolidation phase, so risk control is essential )

- Execution Strategy: After entering, if the price smoothly reaches Target 1, immediately reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price (break-even). If the price fails to rise as expected and falls back into the entry zone, exit decisively and wait for the next signal.

Depth Logic: In the past 24 hours, the price surged with massive volume, a clear signal of main force entering. Although the buy ratio on the 1H candlestick has decreased, open interest (OI) remains stable, indicating that bears have not surrendered en masse, and bulls have not retreated. The market is in a balanced state. Once the price stabilizes at support, it can easily trigger short covering and bullish re-engagement. The 4H MACD has a bullish crossover, and momentum remains positive. The key is to hold the support line at 0.0413-0.0418.

Trade here 👇 $BANK

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
#我在Gate广场过新年 #Gate广场发帖领五万美金红包
BTC4,05%
ETH5,84%
SOL8,67%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)