【$MIRA Signal】Pullback to Long + Strong Consolidation After Massive Surge

$MIRA 1H timeframe is currently in a high-level consolidation phase after a massive rally, with the price building a platform around 0.106. A legendary 4H bullish candle (over 35% increase) has completely reversed the downward trend, indicating a healthy pullback. The key point is: massive volume (over 260 million in the hourly chart) accompanied by stable open interest, which is not just a short squeeze but genuine funds supporting the move. Under a negative fee rate environment (-0.1%), the price remains firm, with potential for a short squeeze. The 1H RSI (64) has healthyly pulled back from overbought territory, preparing for another upward push.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1050 - 0.1065 (Reason: The lower boundary of the current consolidation zone and the dynamic support of the 1H EMA50, also the middle of the massive bullish candle )

🛑Stop Loss: 0.1020 (Reason: Break below the bottom of the massive bullish candle body at 0.1026 and previous low support )

🚀Target 1: 0.1140 (Reason: Previous high resistance and the 0.618 Fibonacci retracement level on the 1H chart )

🚀Target 2: 0.1195 (Reason: Historical high resistance; breaking through opens up space )

🛡️Trade Management:

- Position Size: Light (Reason: Intraday volatility is extremely high, ATR reaches 0.0061, risk is controllable and prioritized )

- Execution Strategy: After entering, if the price quickly surges above 0.1100, move the stop loss to the entry price. After reaching Target 1, reduce position by 50%, and move the remaining stop loss up to 0.1080 to aim for Target 2.

Deep Logic: Market depth shows buy orders significantly thicker than sell orders (depth imbalance 32.28%), with millions of buy orders stacked in the 0.104-0.105 range, providing strong support. Open interest remains stable after the price surge, indicating that longs have not exited en masse. The 1H chart is digesting profit-taking; once the price stabilizes above 0.1070 (the upper boundary of the current consolidation zone and a dense sell area), a second wave of attack will begin. Coupled with negative fee rates, short positions have high holding costs, making a short squeeze likely.

View real-time market 👇 $MIRA

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