【$H Signal】Short squeeze continues, 1H pullback to go long

$H The 1H timeframe is showing strong consolidation above the EMA20, recently hitting a new high followed by a slight pullback. The 4H chart shows the first bullish candle after a volume breakout, indicating a strong trend. The current price is 0.2397, with the 1H RSI at 76.76 in the strong zone but not extremely overbought, leaving room for upward movement. Open interest remains high, and the funding rate at 0.067% is positive but not overheated, combined with rising prices, indicating healthy bullish momentum. Sell orders are stacked above 0.2396, but buy depth is still decent, showing a tug-of-war between bulls and bears at this level, but the bullish trend remains intact.

🎯Direction: Go Long (Long)

🎯Entry/Order: 0.2370 - 0.2385 (Reason: 1H EMA20 dynamic support zone and the low of the previous 1H candle )

🛑Stop Loss: 0.2320 (Reason: Break below the previous 1H consolidation low and ATR (0.0146) lower band )

🚀Target 1: 0.2480 (Reason: Resistance above the recent high of 0.245, expecting an inertia breakout )

🚀Target 2: 0.2560 (Reason: Based on the 1.382 Fibonacci extension of recent gains )

🛡️Trade Management:

- Position suggestion: Light position (Reason: Intraday gains have exceeded 45%, volatility is high, prioritize risk management )

- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold remaining position for Target 2; if price pulls back and breaks the trailing stop, exit all. If the price drops back into the entry zone immediately after entry, exit unconditionally and observe.

Deep logic: The 4H chart shows consecutive volume-driven bullish candles, with concentrated buying power, a typical sign of momentum ignition in hot coins. The 1H chart shows no significant pullback after a rally, instead consolidating at high levels, indicating strong strength. Open interest remains stable, suggesting it’s not just short covering but new long positions entering. Although the 1H RSI is high, it has not become dull, still with upward potential. The key is whether the price can hold above the 1H EMA20 and push higher again.

Trade here 👇 (
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