【$DENT Signal】Short squeeze continues, sniper enters on 1H pullback confirmation

$DENT The 1H timeframe has entered a high-level consolidation after a massive rally, with the price building a support around 0.00041. The 4H timeframe has already experienced an epic breakout, with nearly 90% daily increase, typical of a short squeeze market (negative funding rate -0.76% + strong price support). Currently, the 1H RSI(84.5) is high but not yet turning over, open interest remains stable, indicating that the bears are still struggling and the bulls have not exited. This is not the top; it’s just refueling in mid-air.

🎯Direction: Long (Long)

🎯Entry/Order: 0.000408 - 0.000412 (Reason: 1H EMA20 dynamic support zone, also the lower boundary of the current consolidation platform )

🛑Stop loss: 0.000395 (Reason: Break below the current 1H consolidation range, also the 0.382 Fibonacci retracement of the previous rally )

🚀Target 1: 0.000440 (Reason: Intraday resistance at the high point, space opens after breakthrough )

🚀Target 2: 0.000480 (Reason: Next wave target based on ATR measurement, also a psychological round number )

🛡️Trade management:

- Position size suggestion: Light position (Reason: Intraday volatility is extremely high, risk is amplified, suitable only for small positions )

- Execution strategy: After reaching Target 1, close 50% to lock in profits, and move the stop loss of the remaining position to the entry price. If the price strongly breaks through 0.00044, consider aiming for 0.00048 for the remaining position.

Deep logic: This is a textbook short squeeze. Funding rate depth is negative (-0.7656%), but the price refuses to retrace deeply, and open interest (OI) remains stable, indicating that short positions are firmly trapped. Any small pullback could trigger a new round of covering buy orders. The order book shows heavy buy accumulation in the 0.00040-0.00041 range, forming a strong support. Market logic suggests “price rising, main players entering or shorts being squeezed,” and combined with data, we lean towards a combination of both. The risk is the extremely high RSI, but momentum from Hot Coins can ignore overbought signals. The core strategy is to buy on pullback, not chase highs.

Check real-time market 👇 $DENT

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