【$IR Signal】Long - 1H strong consolidation, building momentum to challenge previous high

$IR The 1H timeframe experienced a strong sideways consolidation between 0.076-0.078 following yesterday’s large bullish candle. EMA20 (0.0751) provides solid support, preventing deep retracement. The 4H timeframe has broken out of the previous consolidation range, with EMA20 (0.0707) and EMA50 (0.0672) in a bullish alignment, indicating an upward trend. Currently, the 1H RSI (65.34) is healthy and not overbought. Combined with stable open interest (OI), it shows the bulls have not exited, and after consolidation, a second upward move is expected.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0770 - 0.0775 (Reason: 1H EMA20 support zone and the current strong consolidation platform’s lower boundary )

🛑Stop Loss: 0.0740 (Reason: Break below the 1H consolidation platform and the previous 4H candle low of 0.07441 )

🚀Target 1: 0.0800 (Reason: Previous high resistance and psychological level at an integer )

🚀Target 2: 0.0830 (Reason: 1.618 Fibonacci extension based on recent rally )

🛡️Trade Management:

- Position size suggestion: Light (Reason: Hot coins are highly volatile; control risk per trade )

- Execution strategy: After the price reaches 0.0800, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.0775. If the price fails to hold above 0.0785 and falls back into the entry zone, consider exiting proactively.

Deep logic: Market logic indicates “price rising, confirm with open interest,” currently OI is stable, and after a 12% increase, the price has not fallen sharply, indicating strength. Market depth shows sell orders accumulating above 0.0778, but buy orders are dense between 0.0773-0.0775, providing clear support. The buy/sell ratio on the 1H chart has recently remained around 0.5, waiting for a new catalyst to break through. The 4H volume has significantly increased, signaling a true breakout.

Trade here 👇 $IR

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