【$MINA Signal】1H Breakout and Pullback Confirmation, Multi-Timeframe Resonance Imminent
$MINA The 1H timeframe has stabilized above EMA20 (0.0630) and slightly broken through recent consolidation highs, with the price consolidating around 0.0634. The 4H timeframe is still in a rebound phase within a downtrend channel, but the 1H momentum has turned strong, RSI (56.32) indicates room for upward movement, and selling pressure in the order book is relatively light (depth imbalance -9.68%), suggesting potential upward testing of resistance.
🎯Direction: Long (Long)
🎯Entry/Order: 0.0632 - 0.0634 (Reason: Support from 1H EMA20 and current breakout level )
🛑Stop Loss: 0.0627 (Reason: Break below 1H candle low and ATR lower band )
🚀Target 1: 0.0645 (Reason: Resistance at 4H EMA50 and previous minor high )
🚀Target 2: 0.0655 (Reason: 1.618 Fibonacci extension level and previous accumulation zone )
🛡Trade Management:
- Position Size: Light (Reason: 4H trend has not fully reversed, short-term play )
- Execution Strategy: After price reaches 0.0645, reduce position by 50% and move stop loss up to entry price 0.0634. Hold remaining position for the second target; if price pulls back and breaks below the trailing stop, exit decisively.
Depth Logic: Open interest (OI) remains stable and has not surged with price increases, indicating it’s not purely short sellers pushing down, possibly new long funds entering gradually. The 1H RSI is moving out of neutral zone upward, and buy-side depth in the 0.0633-0.0634 range is relatively thick, providing immediate support. The key is whether volume can break through the sell wall at 0.0635-0.0636; once broken, momentum will accelerate.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
【$MINA Signal】1H Breakout and Pullback Confirmation, Multi-Timeframe Resonance Imminent
$MINA The 1H timeframe has stabilized above EMA20 (0.0630) and slightly broken through recent consolidation highs, with the price consolidating around 0.0634. The 4H timeframe is still in a rebound phase within a downtrend channel, but the 1H momentum has turned strong, RSI (56.32) indicates room for upward movement, and selling pressure in the order book is relatively light (depth imbalance -9.68%), suggesting potential upward testing of resistance.
🎯Direction: Long (Long)
🎯Entry/Order: 0.0632 - 0.0634 (Reason: Support from 1H EMA20 and current breakout level )
🛑Stop Loss: 0.0627 (Reason: Break below 1H candle low and ATR lower band )
🚀Target 1: 0.0645 (Reason: Resistance at 4H EMA50 and previous minor high )
🚀Target 2: 0.0655 (Reason: 1.618 Fibonacci extension level and previous accumulation zone )
🛡Trade Management:
- Position Size: Light (Reason: 4H trend has not fully reversed, short-term play )
- Execution Strategy: After price reaches 0.0645, reduce position by 50% and move stop loss up to entry price 0.0634. Hold remaining position for the second target; if price pulls back and breaks below the trailing stop, exit decisively.
Depth Logic: Open interest (OI) remains stable and has not surged with price increases, indicating it’s not purely short sellers pushing down, possibly new long funds entering gradually. The 1H RSI is moving out of neutral zone upward, and buy-side depth in the 0.0633-0.0634 range is relatively thick, providing immediate support. The key is whether volume can break through the sell wall at 0.0635-0.0636; once broken, momentum will accelerate.
View real-time market 👇 $MINA
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL