【$1000PEPE Signal】1H strong breakout, short squeeze market begins, chase longs and sniper!

$1000PEPE The 1H level just broke above the previous high of 0.0050 with increased volume, creating a new high in this rebound cycle, showing strong momentum. The 4H level has closed positive for several periods, forming a V-shaped reversal pattern. Although RSI has entered the overbought zone, with funding rates still positive and open interest stable, the short squeeze market may continue. Market depth shows substantial buy orders, and market logic suggests paying attention to major players' behavior. Current prices are firm, leaning towards main force support or short covering.

🎯Direction: Go Long (Long)

🎯Entry/Order: Current price 0.00504 - 0.00507, intervene within this range (Reason: Breakout confirmed, follow the trend to go long )

🛑Stop Loss: 0.00493 (Reason: Break below the previous 1H candle low and EMA20 support )

🚀Target 1: 0.00525 (Reason: Previous resistance level on the daily chart )

🚀Target 2: 0.00545 (Reason: 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position suggestion: Light position (Reason: RSI is overbought, volatility is extremely high, indicating high-risk betting )

- Execution strategy: After reaching 0.00525, reduce position by 50%, and move stop loss to entry price. The remaining position aims for the second target. If the price surges and then quickly falls back below 1H EMA20, exit all positions.

Depth logic: In the past 4 hours, price surged with increased volume, but open interest remained stable, indicating that the move is unlikely driven solely by long accumulation, but more likely by short covering causing the squeeze. The 1H RSI is as high as 87, extremely overbought, with short-term risks and opportunities for chasing high. Market depth imbalance is at 27.65%, with buy orders significantly stronger than sell orders, providing immediate support. This is a typical hot coin momentum market, where quick in and out is key, with strict stop-loss.

Trade here 👇 $1000PEPE

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