【$SONIC Signal】Long | Short squeeze confirmed, deep imbalance support

After a volume breakout above the EMA20 on the 4H chart, a healthy pullback is underway. The market shows a typical short squeeze structure: funding rate is deeply negative at $SONIC -0.6560%(, open interest remains stable, and price gains are absorbed by buy orders. The depth imbalance is as high as 14.14%, with buy-side thickness significantly exceeding sell-side, indicating institutional support at key price levels.

🎯Direction: Long

🎯Entry: 0.0515 - 0.0522 )Previous high turned support zone(

🛑Stop loss: 0.0481 )Break below the 4H bullish initiation point, rigid stop loss(

🚀Target 1: 0.0565 )Previous wave high(

🚀Target 2: 0.0600 )Fibonacci 0.618 extension level(

Hardcore logic: This is not chasing highs. RSI)70.69( is high, but combined with negative deep funding rate and stable open interest, this is a clear sign of a short squeeze, not overbought conditions. The price remains above EMA20)0.0451(, maintaining a solid trend structure. The latest 4H candle shows buy orders accounting for 53%, indicating bulls are still actively supporting during the pullback. The order book shows a large accumulation of buy orders in the 0.0526-0.0520 range, providing a strong buffer for the price. ATR)0.0034( indicates healthy volatility, with a reasonable stop loss range and a risk-reward ratio >2.5.

Trade here 👇 )
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