【$NIL Signal】Long | Healthy Consolidation After Short Squeeze

$NIL After a single 4H massive bullish candle surged 41%, the price is now consolidating within a narrow range at high levels. This is a typical healthy reset after a short squeeze, not a top.

🎯Direction: Long

🎯Entry: 0.0628 - 0.0633

🛑Stop Loss: 0.0615 (Rigid stop loss, breaking below previous low and EMA20 support)

🚀Target 1: 0.0680

🚀Target 2: 0.0720

Hardcore logic: The current chart shows a textbook short squeeze structure. Funding rate is as high as -0.7473%, indicating extremely high costs for short positions, while open interest (OI) remains stable, suggesting shorts are not exiting en masse and there is room for continued squeezing.

Buyers at the 4H level are absorbing clearly, with the latest candle closing above the opening price, indicating limited selling pressure. The order book depth imbalance is 16.19%, with buy orders significantly thicker than sell orders, showing institutional support at key levels.

Price remains firmly above EMA20 (0.0498), establishing an uptrend. Although RSI is at a high of 82, in a short squeeze scenario, it’s not a reason to short but a sign of continued strength. Waiting for the price to retest the middle of the massive bullish candle (0.0628-0.0633) for support offers the best risk-reward entry point.

Trade here 👇 $NIL

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