$NAORI 1H level after a massive surge yesterday, is strongly consolidating in the 0.034-0.036 range, with EMA20 (1H) providing effective support and a solid buying depth. The 4H level has confirmed a breakout from the long-term downtrend, with a strong bullish candle establishing an upward trend, currently showing a healthy pullback. OI is stable, rates are healthy, and there are clear signs of main force support, rejecting a deep pullback; this is a typical characteristic of a strong coin.
🎯 Direction: Long
🎯 Entry/Order: 0.0352 - 0.0355 (Reason: 1H EMA20 support zone & dense trading area)
🛑 Stop Loss: 0.0338 (Reason: breaking below the previous 1H candle's body low & the starting point of the 4H breakout candle)
🚀 Target 1: 0.0385 (Reason: previous high resistance level & 1.272 Fibonacci extension)
🚀 Target 2: 0.0410 (Reason: 1.618 Fibonacci extension & psychological round number)
🛡️ Trade Management:
- Position Recommendation: Standard position (Reason: 4H trend established, 1H structure clear, favorable risk-reward ratio)
- Execution Strategy: After the price reaches 0.0385, reduce position by 50% to lock in profits, and move the stop loss for the remaining position up to 0.0358 (break-even level). If the price strongly breaks through 0.0385 and stabilizes, the remaining position can be held towards 0.0410.
Deep Logic: Market data shows that the buying depth (0.03533-0.0354) is far thicker than the selling depth (0.03553-0.0356), with a depth imbalance of -7.43%, indicating strong support below. 1H RSI (72.63) has pulled back from the overbought zone to the strong zone, building strength for another rise. 4H RSI (83.69) is high but has not turned, which is normal in Hot Coin. Combining market logic suggests 'price increase + main force entry'; this is a typical short squeeze/main force-driven market, and the pullback is an opportunity.
Trade here 👇$NAORIS
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