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【$C Signal】Long! Pullback confirmation after violent 1H-level breakout, short squeeze continuation
$C The 1H level just experienced an epic volume surge, with price exploding from 0.06 area directly to 0.086, single-day gain exceeding 55%. Current price consolidating strongly at the top of the massive bullish candle, 4H level has confirmed breakout of long-term downtrend line, trend reversal established. Although 1H RSI has entered overbought territory, considering the funding rate is deeply negative and open interest is stable, this is not merely a bull frenzy but a combined result of short liquidation and main force short squeeze. Price shows no significant pullback, indicating strong absorption.
🎯Direction: Long (Buy on dips)
⚡Entry/Pending: 0.05995 - 0.06149
🛑Stop Loss: 0.05700
🚀Target 1: 0.07945
🚀Target 2: 0.08844
🛡️Trade Management:
- Execution Strategy: Use staged entry, accumulate on dips within recommended zones. After price reaches first target 0.07945, reduce position by 50%, and move stop loss of remaining position up to entry price. If price breaks 0.08844 strongly, can retain partial position to chase larger move, using 1H EMA20 as dynamic trailing stop profit.
Deep Logic: This is a typical short squeeze scenario. Key evidence: 1) Price surges 55% while open interest remains stable, with no decline from long profit-taking, indicating shorts are being continuously squeezed for liquidation. 2) Funding rate is deeply negative, shorts must pay high fees, further intensifying squeeze pressure. 3) 1-hour level buy depth is substantial, support is dense below. 4H level breakout is valid, current pullback is excellent second entry opportunity. Market logic suggests price increase accompanied by stable open interest, characteristic of main force support or short panic, we choose to trade with the trend strategically.
Check real-time market 👇 $C
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