【$ME Signal】Long | Short squeeze in progress, deep imbalance support

$ME On the 4-hour chart, continuous volume increase of 38%, RSI overbought but funding rate at -2%, open interest stable. This is a typical short squeeze pattern, do not try to top out.

🎯Direction: Long

🎯Entry: 0.1790 - 0.1810

🛑Stop Loss: 0.1720 (Break below the previous 4-hour candle low and EMA20 support, rigid stop loss)

🚀Target 1: 0.1900

🚀Target 2: 0.2000

Market analysis: Price strongly broke through EMA20/50 and stabilized. The 4-hour candlestick shows consecutive bullish candles with volume increase, indicating strong buying. Key data reveal the essence of the short squeeze: funding rate is deeply negative (-2%), but open interest (OI) remains stable, indicating shorts are being squeezed and not exiting in large numbers. Upward momentum has not exhausted.

Core logic: Order book depth shows significant imbalance, with bid thickness (Bids) accumulating at key levels (0.1800-0.1815), far above sell pressure. This is a clear signal that institutions are defending the price and accumulating at key levels. After breaking through the previous daily consolidation zone (0.145-0.155), this area has turned into a strong support.

Currently, there is no top divergence, and ATR indicates volatility expansion, suggesting an acceleration phase of the trend. Strategy is to wait for a minor retracement to support zones (previous high transition point and dense buy zones ), then go long with the trend, with strict stop loss below the trend invalidation point.

Trade here 👇 $ME

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