【$SONIC Signal】Long | Short Squeeze Pattern Confirmed, Deep Imbalance Supports Breakout

$SONIC On the 4-hour chart, after a volume breakout above the previous high of 0.04996, a healthy pullback is underway. The price has stabilized above the EMA20 (0.0454), and open interest remains stable, indicating that funds have not exited the market.

🎯Direction: Long

🎯Entry: 0.0540 - 0.0550

🛑Stop Loss: 0.0480 (Rigid stop loss, below the previous breakout structure low)

🚀Target 1: 0.0620

🚀Target 2: 0.0680

The core logic is based on a short squeeze structure. The funding rate is as high as -0.7289%, indicating extremely high costs for short positions, while the price continues to rise and open interest remains stable. This is a typical short squeeze-driven scenario. The 4H candlestick shows persistent buying absorption during the pullback (Buy/Sell Ratio rising to 0.52), and depth data indicates a significant accumulation of asks at 0.05538 (14,857.9 units), but bids below are very deep (from 0.05533 to 0.05514, with over 200,000 contracts accumulated). The depth imbalance of -12.83% indicates strong buying support. Although RSI( is at 73.96), a high level, it is not a reason to short in a short squeeze environment. A pullback to the previous breakout zone (0.04996-0.0522) is an ideal entry point for longs.

Trade here 👇 $SONIC

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