【$AWE Signal】Pullback to Long + 1H strong consolidation, gathering strength for another push to previous high

The $AWE 1H timeframe experienced a massive surge yesterday and is now consolidating strongly around 0.106, with the price staying close to the 1H EMA20 (0.0999), rejecting a deep correction. The 4H timeframe has broken out of the previous consolidation range, with EMA20 (0.0963) and EMA50 (0.0902) forming a bullish alignment, indicating an upward trend. The current negative funding rate (-0.0012%) combined with firm price action suggests potential for a short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1055 - 0.1060 (Reason: 1H EMA20 dynamic support zone and the lower boundary of the current consolidation platform )

🛑Stop Loss: 0.0995 (Reason: Falling below the strong support of 1H EMA50 and the previous rally start point at 0.0997 )

🚀Target 1: 0.1120 (Reason: Resistance above the previous high of 0.1082 and the 1.272 Fibonacci extension level )

🚀Target 2: 0.1180 (Reason: 1.618 Fibonacci extension level, representing a potential measurement move at the 4H level )

🛡️Trade Management:

- Position size suggestion: Light (Reason: The daily increase exceeds 15%, volatility is extremely high, risk control is necessary )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.1060. If the price strongly breaks through 0.1120 and stabilizes, consider trailing the remaining position to hold for Target 2.

Deep logic: The 4H buy volume has significantly increased, with the latest 4H candle showing buy orders accounting for 50%, indicating intense battle between bulls and bears but bulls remain undefeated. The 1H RSI (66.44) is in a strong zone, not overbought, leaving room for further upside. Market depth shows buy orders far outnumber sell orders (depth imbalance of 12.36%), with dense support below. Open interest remains stable, and the price is consolidating without falling, indicating that major funds have not exited, preparing for another upward move.

View real-time market 👇 $AWE

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