【$VANA Signal】Short squeeze continues, 1H level strong consolidation, targeting a secondary impulse

$VANA The 1H level has entered a strong consolidation after a massive rally, with the price staying close above EMA20(1.571), refusing deep retracement. The 4H level saw a massive bullish breakout of a downtrend that lasted for a month, confirming a trend reversal. Currently, the negative funding rate is as high as -0.9657%, but open interest remains stable and the price is firm, indicating a typical short squeeze structure. Bears are still struggling to support the price, and a secondary surge could happen at any time.

🎯Direction: Long (Long)

🎯Entry/Order: 1.715 - 1.720 (Reason: The lower boundary of the current strong consolidation zone, with dynamic support from 1H EMA20)

🛑Stop Loss: 1.680 (Reason: Falling below the 1H strong consolidation platform and the previous 1H candle low invalidates the short squeeze logic)

🚀Target 1: 1.780 - 1.800 (Reason: Previous high resistance zone, also the Fibonacci 0.786 extension of the initial rally)

🚀Target 2: 1.900 (Reason: 1.618 psychological level and previous accumulation zone on the daily chart)

🛡️Trading Management:

- Position suggestion: Light position (Reason: Intraday volatility is extremely high, ATR reaches 0.065, strict risk control is necessary)

- Execution strategy: Reduce 50% of the position when the price reaches around 1.780, with the remaining stop loss moved up to the entry price of 1.715. If the price quickly surges past 1.800 and a long upper shadow appears on the 1H candle, close all positions for profit.

Deep logic: Over the past 4 hours, open interest remains stable at a high level of 3.4 million USD. After the price surge, there was no significant capital outflow, indicating strong support from major players. The 1H RSI is as high as 83, in overbought territory but not exhausted, leaving room for further upside in a strong market. The order book shows significant depth on the buy side (1.70-1.71) compared to the sell side (1.722-1.73), with a 16.11% depth imbalance, providing immediate support. Coupled with the negative funding rate, this is textbook short squeeze behavior, with ample fuel for bears to close their positions.

View real-time market 👇 $VANA

---

Follow me: Get more real-time analysis and insights into the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包