【$SPORTFUN Signal】Long! 1H pullback confirmation, main force clearly defending the market

$SPORTFUN The 1H timeframe, after a sharp rally, is undergoing a healthy pullback and consolidation, with the price supported above the EMA20 (0.0462), forming a flag pattern convergence. The 4H timeframe has broken through the long-term downtrend with increased volume, confirming a trend reversal. Open interest remains stable, and the price is holding firm, indicating that the main force is defending the market rather than retail traders stepping on the brakes. This is a typical healthy correction structure after a short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0488 - 0.0492 (Reason: 1H EMA20 support zone & lower boundary of the flag pattern )

🛑Stop loss: 0.0472 (Reason: Break below the 1H flag structure & previous low support )

🚀Target 1: 0.0515 (Reason: Previous high resistance & 1.272 Fibonacci extension level )

🚀Target 2: 0.0545 (Reason: 4H previous high & 1.618 Fibonacci extension level )

🛡️Trade management:

- Position suggestion: Standard position (Reason: 4H trend reversal, clear 1H structure, risk-reward ratio >2 )

- Execution strategy: After the price reaches 0.0515, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.0490. If the price strongly breaks through 0.0515 and stabilizes, consider adding to the position for a long, with a new stop loss set at 0.0500.

Deep logic: Funding rate is only 0.0145%, ruling out FOMO overheating risk. The 1H RSI (63.1) is in a healthy bullish zone with room to rise. Market depth shows large sell orders accumulated between 0.0495-0.0500; once broken, it will trigger stop-loss orders from shorts, accelerating the upward move. The 4H buy volume has significantly increased, a clear signal of main force entering the market.

View real-time quotes 👇 $SPORTFUN

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