【$ZAMA Signal】Long! Strong breakout on the 1H timeframe followed by a pullback, main force clearly defending the price

$ZAMA The 1H timeframe is currently in a healthy pullback stage after a strong breakout. The current price is consolidating around the top of the 4-hour bullish candle area (0.0209-0.0214). The 1H EMA20 (0.0201) has turned into a strong support. Although the 4H EMA50 (0.0214) presents short-term resistance, momentum on the 1H remains intact, and open interest (OI) stays stable during the pullback, indicating that the main force has not exited. This is a typical strong consolidation structure.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0208 - 0.0210 (Reason: Pullback to 1H EMA20 support zone and dense previous hourly candle lows )

🛑Stop Loss: 0.0204 (Reason: Break below the previous 4-hour candle low of 0.02052 and ATR lower band )

🚀Target 1: 0.0218 (Reason: Resistance near previous high of 0.02197 )

🚀Target 2: 0.0228 (Reason: 4H previous wave high and 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position suggestion: Light position (Reason: The 4H trend has not fully reversed yet, currently at the upper end of consolidation, risk control is necessary )

- Execution strategy: After reaching 0.0218 (Target 1), reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price of 0.0210 (break-even). If the price strongly breaks above 0.0220, move the remaining stop loss to trail and hold for larger gains.

Deep logic: The market shows key information. 1. Capital flow: Over the past 4 hours, OI remains stable at a high of $620 million, and there is no significant decline during the pullback, indicating a typical "price drops with stable volume," suggesting a shakeout rather than distribution. 2. Technical indicators: 1H RSI (60.76) is in a healthy, slightly strong zone with potential for further upward movement; 1H EMA20 has crossed above EMA50 to form a golden cross, indicating a short-term bullish trend. 3. Order book: Buy depth (Bids) is unusually thick in the 0.0208-0.0209 range, forming a support barrier, while sell orders (Asks) above 0.0210 are relatively sparse, making a breakout easier. Overall, the main force is defending key levels, and a pullback is a good entry opportunity.

Check real-time quotes 👇 $ZAMA

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