【$RECALL Signal】Long | Healthy Pullback After Short Squeeze Initiation

$RECALL After experiencing a violent surge of over 22% in a single day, it is now consolidating at a high level above the key breakout level. The 4H chart shows the price has stabilized above the previous high resistance turn support at 0.052, which is a typical confirmation of a breakout structure.

🎯Direction: Long

🎯Entry: 0.0525 - 0.0532

🛑Stop Loss: 0.0511 (Break below the previous 4H candle body low, rigid stop loss)

🚀Target 1: 0.0578 (Previous high resistance)

🚀Target 2: 0.0618 (Fibonacci 0.618 extension level)

Market logic is solid: this is a typical short squeeze initiation. Key data resonance: 1) Funding rate -0.012%, high cost for short positions; 2) Open interest surged during the spike and remains stable, indicating that the main bullish players have not exited; 3) RSI reached 72, but in a short squeeze scenario, it is not an effective overbought signal.

Deep order book shows buy orders (Bids) significantly thicker than sell orders (Asks), with a depth imbalance of -13.25%, indicating strong institutional buy support below. Price remains firmly above EMA20 (0.0464), and the medium-term trend has turned bullish. The current volume contraction to the breakout level is a healthy bullish momentum reset, not a top. ATR indicates increased volatility, but setting stop loss below the previous low can effectively filter noise. Risk-reward ratio >2.5, with a clear mathematical advantage.

Trade here 👇 $RECALL

---

Follow me: Get more real-time analysis and insights on 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