【$COS Signal】Healthy pullback after a strong breakout at the 1H level with a retracement on the pullback

$COS The 1H level has experienced a massive rally and is currently consolidating strongly at high levels. A single daily volume bullish candle on the 4H chart directly broke through the previous consolidation zone, establishing a short-term strong trend. Currently, the 1-hour RSI has fallen from overbought territory to a healthy zone, and the price has stabilized above the first support area after the breakout. This is a typical first retracement after a strong breakout and an excellent opportunity for a second entry. Market depth data shows that buy orders remain substantial, and open interest remains stable, with no signs of large-scale distribution by the main players. The negative funding rate is as high as -1.9%, indicating extremely high short positions costs and potential short squeeze risks.

🎯Direction: Long

⚡Entry/Order: 0.000900 - 0.000902

🛑Stop Loss: 0.000820

🚀Target 1: 0.001050

🚀Target 2: 0.001160

🛡️Trade Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to the entry price. Hold the remaining position to aim for Target 2. If the price retraces and hits the trailing stop, exit all to lock in profits.

(Depth Logic: The massive breakout on the 4H chart is a clear signal of main force activity, definitely not something retail traders can achieve. After the rally, the 1H chart did not show volume decline but instead consolidated with decreasing volume, indicating healthy rotation. The extremely high negative funding rate acts like a sword hanging over short positions; any upward price movement could trigger short covering and a squeeze. The suggested entry zone is at the resonance support of the 1H EMA20 moving average and the previous high breakout point, offering an excellent risk-reward ratio. )

View real-time market 👇 $COS

---

Follow me: Get more real-time analysis and insights into the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #2月非农意外负增长