【$DENT Signal】Short squeeze rebound continues, targeting 1H pullback confirmation

$DENT The 1H timeframe experienced a massive surge and is now in a high-level consolidation phase. The 4H timeframe has broken through the previous consolidation platform, forming a bullish structure. The key point is that the current price at 0.000239 is closely above the 1H EMA20 (0.0002), and the negative funding rate (-0.3007%) combined with firm price action signals a strong short squeeze. Stable open interest (OI) indicates that funds have not exited. This is a typical strong consolidation, waiting for a second upward move.

🎯Direction: Long (Long)

🎯Entry/Order: 0.000235 - 0.000238 (Reason: Pullback to 1H EMA20 support zone and previous hour’s low)

🛑Stop Loss: 0.000225 (Reason: Break below recent 1H dense trading zone lower boundary and ATR key support)

🚀Target 1: 0.000255 (Reason: 4H previous high resistance level and psychological whole number)

🚀Target 2: 0.000271 (Reason: 1H previous high and Fibonacci 1.618 extension level)

🛡️Trade Management:

- Position size suggestion: Light (Reason: Daily increase exceeds 30%, volatility is extremely high, risk control is essential)

- 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 strongly breaks through 0.000255 and stabilizes, consider targeting 0.000271 for the remaining position.

Depth logic: Market depth shows buy orders (Bid) are significantly thicker than sell orders (Ask), with an imbalance of 23.74%, indicating strong support below. The 1H RSI (59.77) has fallen from overbought to a healthy zone, preparing for another upward move. Combined with negative funding rates and rising prices, this is a typical short squeeze scenario, with short covering pressure still present. Market logic suggests that price increases should be confirmed with OI; current OI is stable, ruling out purely short-driven dips, more likely a consolidation after main force’s support.

View real-time market 👇 $DENT

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