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

$RECALL After experiencing a more than 30% violent surge, the price is now performing a healthy pullback above the critical breakout level. The 4H timeframe shows a volume expansion followed by a decrease in volume during consolidation, which is a typical chip reset after a short squeeze rather than a top.

🎯Direction: Long

🎯Entry: 0.0490 - 0.0500

🛑Stop Loss: 0.0475 (Rigid stop loss, below the previous breakout candle low and EMA20 support)

🚀Target 1: 0.0540

🚀Target 2: 0.0580

Market Analysis: The price has strongly broken through the long-term downtrend line and EMA20 resistance. The key signal is that, despite the large increase, the funding rate remains negative (-0.0115%), and open interest remains stable. This is a typical short squeeze structure, with bears still resisting, providing fuel for subsequent upward movement.

Core Logic: The depth chart shows buy orders (Bids) stacked far thicker than sell orders (Asks), especially in the 0.0500-0.0501 range forming a strong support wall. The 4H RSI has healthy retraced from overbought territory to 61, with no bearish divergence. The current pullback level is exactly at the upper boundary of the previous breakout’s dense trading zone (0.049-0.050), forming natural support.

Risk Management Focus: Set stop loss at 0.0475, below the last 4H bullish candle low before the breakout, which is also the dynamic support of EMA20. If the price falls below this, the breakout logic fails. The risk-reward ratio is greater than 1:2, aligning with mathematical advantage.

Trade here 👇 $RECALL

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