【$MANA Signal】Long + 1H strong breakout, funds are short squeezing

$MANA After a strong breakout above the previous high on the 1H timeframe and stabilizing, volume and price are rising together, RSI(1H) reaching 82.96 indicating overbought conditions but with strong momentum. This is a typical signal of a short squeeze initiation. The 4H chart shows three consecutive bullish candles, breaking the descending trendline, confirming a trend reversal. Currently, the price is consolidating around 0.1016 at a high level, forming a typical flag pattern after a breakout, with potential for a second upward move after gathering strength.

🎯Direction: Long (Long)

🎯Entry/Order: Enter at the current price range of 0.1015 - 0.1020, or wait for a pullback to 0.1000 - 0.1005 (supported by 1H EMA20) for a second entry.

🛑Stop Loss: 0.0990 (break below the key support on the 1H timeframe and the low of the 4H breakout candle).

🚀Target 1: 0.1050 (previous high and psychological resistance level).

🚀Target 2: 0.1100 (Fibonacci 0.618 extension on the 4H chart).

🛡Trade Management:

- Position: Standard size. If entering at the current price, open 50% of the position first, and wait for a pullback to around 0.1005 to add the remaining.

- Strategy execution: After reaching Target 1, reduce position by 50% to lock in profits, and move the stop loss of the remaining position to the entry price (break-even). After reaching Target 2, reduce another 50%, and consider moving the stop loss to hold for a larger trend.

(Depth Logic: Market depth shows significant buy orders in the 0.1000-0.1015 range, with an imbalance of 18.35%, indicating strong main force support. Open interest remains stable during the price rise, suggesting not a short squeeze but new long positions entering. Funding rate at 0.01% remains low, providing ample fuel for a short squeeze. Although the 1H RSI is high, in a strong short squeeze environment, overbought conditions may persist. Market logic indicates ‘price rising, main force entering,’ so this rally is far from over. (

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