【$C Signal】Pullback setup for longs! 1H retest confirmed, main force clearly supporting the market

On the 1H timeframe, after experiencing a massive rally, $C is undergoing a healthy retracement and consolidation, with the price building a support zone between 0.058 and 0.061. A towering pillar on the 4H chart has completely reversed the downward trend, breaking through the long-term descending trendline, and the trend has shifted to bullish. Currently, the 1H price is retesting the EMA20 for support, with buy orders significantly deeper than sell orders, indicating strong buying interest below.

🎯 Direction: Long

⚡ Entry/Order: 0.0600 - 0.0605 near the current price of (, staggered entries

🛑 Stop Loss: 0.0539

🚀 Target 1: 0.0635

🚀 Target 2: 0.0673

🛡️ Trade Management:
- Execution Strategy: Use staggered profit-taking. When the price reaches the first target of 0.0635, reduce the position by 50%, and move the stop loss on the remaining position up to the entry price of 0.0605 to lock in profits. Hold the remaining position for the second target. If the price fails to hold above 0.0600 and drops below 0.0590, consider it a sign of weakness and exit early.

Deep Logic: This rally was accompanied by extremely high volume, but open interest remained stable, indicating that it’s not just short covering but also new institutional longs entering the market. The funding rate is negative, which favors long positions. The 1H RSI has pulled back healthily from overbought levels to around 68, preparing for another upward move. Order book data shows buy orders are more than twice the sell orders, demonstrating strong institutional support. Coupled with the breakout structure on the 4H chart, this retracement presents an excellent second opportunity to enter long positions.