【$SPACE Signal】Pullback to Long + 1H Level Oversold Rebound Play

The 1H level experienced a waterfall decline, followed by strong buying support around 0.0092, with the price quickly rebounding over 10%, forming a long lower shadow. Currently, the price is oscillating below the 1H EMA50 (0.0102), RSI_1H (40.85) is in the early stage of oversold rebound, and the 4H level remains in a strong upward channel during a correction phase. Stable open interest indicates that funds have not significantly withdrawn. This is a typical recovery after a sharp decline, presenting a short-term rebound opportunity.

🎯 Direction: Long $SPACE Long(

🎯 Entry/Order: 0.00985 - 0.0100 ) Reason: 1H candlestick body support zone, previous low rebound confirmation level (

🛑 Stop Loss: 0.00920 ) Reason: Break below previous low and strong support at 1H level (

🚀 Target 1: 0.0108 ) Reason: Resistance at previous high on 1H level and EMA20 pressure (

🚀 Target 2: 0.0118 ) Reason: 0.618 Fibonacci retracement of the previous downtrend on 4H level (

🛡️ Trading Management:

- Position suggestion: Light position ) Reason: Extremely high volatility, a rebound play against small trend and large trend (

- 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. If the price cannot effectively break above 0.0102 (1H EMA50), consider exiting early.

Deep logic: Market depth shows unusually thick buy orders around 0.0100, forming a support wall. Although the latest 1-hour buy/sell ratio is neutral, the violent rebound from 0.0092 indicates strong short covering and bottom fishing by bulls. Negative funding rates suggest bears are dominant, but the price is not making new lows, indicating potential short squeeze. The 4H trend remains upward; this decline can be viewed as a healthy correction after previous sharp gains. The key is whether the price can hold above the 1H EMA50 and regain momentum.

Trade here 👇 )
---

Follow me: Get more real-time analysis and insights on the crypto market! $SPACE
$BTC $ETH
‍$SOL #我在Gate广场过新年