【$STX Signal】Long - 1H breakout pullback confirmation, main force clearly defending the market

$STX The 1H timeframe, after experiencing a volume-driven rally, is currently in a healthy pullback confirmation stage. The price broke through the key resistance at 0.2620 and is consolidating around 0.2644. The 1H EMA20 (0.2580) has turned into a strong dynamic support. The 4H chart shows three consecutive bullish candles, with the price above EMA20 (0.2566), indicating a shift from weak to strong trend. Market depth shows substantial buy orders, and market logic suggests that the price is rising with stable open interest, implying that main force is defending the market rather than short sellers stepping in. This is a positive short squeeze signal.

🎯Direction: Long (Long)

⚡Entry/Order: 0.2635 - 0.2645

🛑Stop Loss: 0.2575

🚀Target 1: 0.2720

🚀Target 2: 0.2780

🛡Trade Management:

- 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 0.2640. If the price strongly breaks through 0.2720 and stabilizes, move the remaining stop loss up to 0.2680 to aim for Target 2.

Order Book Logic: The 1H RSI (60.7) is in a healthy strong zone with no overbought pressure. The key signal is a massive bullish candle at 01:00-02:00 (volume 1.83 million), with buy orders accounting for up to 60%, a clear sign of main capital entering. Subsequently, the price consolidates at high levels, and open interest remains stable, indicating that new long positions are not leaving the market and are intended for the long term. The order book imbalance is 31.07%, with buy orders significantly outweighing sell orders. There are dense orders in the 0.2625-0.2630 range below, forming a strong support. Combined with the breakout of the descending trendline on the 4H chart, short-term bullish momentum is strong.

View real-time market 👇 $STX

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