【$BULL Signal】Short squeeze continuation, 1H strong consolidation followed by a second surge

$BULL The 1H timeframe entered a strong sideways consolidation after a sharp rally, with prices staying close to highs and refusing deep retracement. The 4H timeframe confirmed trend reversal with a massive bullish candle, current open interest remains stable, funding rates are high but prices are firm, indicating potential for continued short squeeze. The 1H candlestick is consolidating strongly above the EMA20 (0.0199), a typical bullish accumulation pattern.

🎯Direction: Long (Long)

⚡Entry/Order: 0.0241 - 0.0243 (Enter near current price, aiming for upward breakout after consolidation)

🛑Stop Loss: 0.0234 (Break below the previous 1H low and the dense trading zone below)

🚀Target 1: 0.0258

🚀Target 2: 0.0275

🛡️Trade Management:

- Execution Strategy: Reduce 50% of position upon reaching Target 1, move stop loss up to entry price 0.0243. Hold remaining position for Target 2, and if price retraces and breaks the trailing stop, exit decisively.

(Depth Logic: The past 4 hours saw a massive increase, with open interest remaining stable, indicating that bulls have not significantly exited. Market depth shows strong buy-side support, with an imbalance of 5.51%, and dense support below. The 1H RSI is at 82.83, in overbought territory, but can sustain in a strong market. The key is whether the price can hold high levels to buy time for indicator recovery. This is a typical momentum continuation pattern, targeting a short-term secondary pulse. )

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