【$SPORTFUN Signal】Pullback to Long + 1H Level Strong Support Confirmation

$SPORTFUN The 1H level has experienced a massive rally and is now undergoing a healthy pullback correction. The current price precisely retests the 1H EMA20 (0.0370) and stabilizes temporarily, which is a classic bullish entry signal in a strong trend. The 4H level has broken through the long-term downtrend line, and a large bullish candle confirms a short-term bottom. Stable open interest indicates that funds are not significantly withdrawing, and the pullback presents an opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0375 - 0.0380 (Reason: 1H EMA20 support zone & previous 1H candle low)

🛑Stop Loss: 0.0365 (Reason: Break below 1H EMA50 and previous 1H candle low, structure broken)

🚀Target 1: 0.0405 (Reason: Previous high resistance and intraday high)

🚀Target 2: 0.0425 (Reason: 4H previous high and 1.618 Fibonacci extension level)

🛡️Trade Management:

- Position Size: Light (Reason: Intraday volatility is high, strict risk control needed)

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop-loss to entry price. Hold remaining position for Target 2. If price stalls near Target 1, consider taking full profit.

Deep Logic: The volume over the past 4 hours has increased in a stepwise manner, indicating the involvement of major funds. The 1H RSI (59) has retreated from overbought territory to a healthy zone, preparing for another upward move. The order book shows accumulation of sell orders at 0.0384-0.0385; a breakout above this will accelerate the upward movement. The current price is supported at the 1H EMA20, a typical strong pullback buy point.

View real-time market 👇 $SPORTFUN

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