【$COLLECT Signal】1H pullback confirmation, betting on a second surge

$COLLECT The 1H timeframe has experienced a massive rally and is currently in a high-level consolidation phase. The price is building a support platform around 0.0595, with the 1H EMA20 (0.0545) providing dynamic support. Although the 4H chart shows a long upper shadow, it still remains above the previous consolidation zone’s upper boundary. Currently, the order book shows significantly deeper buy orders than sell orders. Funding rates are positive but not overheated, open interest (OI) remains stable, indicating the bullish trend is intact. A pullback is seen as a buying opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0588 - 0.0595 (Gradually around current price)

🛑Stop Loss: 0.0568 (Break below 1H EMA50 and previous support level)

🚀Target 1: 0.0625 (Near previous high)

🚀Target 2: 0.0650 (Fibonacci extension level on 4H chart)

🛡️Trade Management:

- Position size suggestion: Light (Reason: Intraday volatility is high, strict risk control is necessary)

- Execution strategy: After entering, if the price quickly surges above 0.0615, move the stop loss up to the entry price. After reaching Target 1, reduce position by 50%, and move the remaining stop loss up to 0.0605 to aim for Target 2.

Order book logic: The massive bullish candles over the past 4 hours establish a strong intraday foundation. The current 1H RSI (61) is healthy after a pullback from overbought levels, providing momentum for a second upward move. The order book shows dense buy orders below 0.0595, forming a support wall. Market logic suggests upward movement, and combined with stable high-level OI, this appears to be a strategic accumulation after a price rally rather than a simple short squeeze. The key is whether the price can hold the 0.0588-0.059 zone on the 1H chart; holding this level could lead to testing new highs again.

View real-time quotes 👇 $COLLECT

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