【$HOT Signal】Short squeeze continues, 1H pullback to go long, betting on a second surge

$HOT The 1H timeframe has entered a high-level consolidation after a massive rally, with the price staying close above the EMA20 (0.00046), indicating a strong consolidation. The 4H timeframe saw a huge bullish candle break through nearly a month of sideways movement, and the trend has shifted to bullish. Currently, the negative funding rate is as high as -1.68%, but the price remains firm and open interest (OI) is stable, a typical short squeeze structure, with shorts still being forced to cover. The order book shows that buy depth in the 0.00048-0.00047 range is unusually thick, providing strong support for the price.

🎯Direction: Long (Long)

🎯Entry/Order: 0.000485 - 0.000475 (Reason: Rebound to 1H EMA20 support zone and dense buy orders in the order book )

🛑Stop loss: 0.000465 (Reason: Break below 1H EMA20 and the previous 1H candle low, structure broken )

🚀Target 1: 0.000505 (Reason: Previous high resistance level and a psychological round number )

🚀Target 2: 0.000525 (Reason: Based on the 1.272 Fibonacci extension of the rally wave )

🛡️Trade management:

- Position suggestion: Light position (Reason: Significant intraday rally, extremely high volatility, prevent profit-taking reversal )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price strongly breaks through 0.000505 and stabilizes, the remaining position target can be set at 0.000525.

Depth logic: This is a typical capital-driven market. The 4H volume has surged dozens of times, a clear signal of main force entering. Although the RSI on the 1H has entered overbought territory (78.71), in a short squeeze scenario, overbought conditions can persist. The key is whether OI can remain stable or continue to rise; if the price consolidates and OI does not decrease, a second upward move is highly probable. The 0.000472-0.000475 zone (buy order accumulation area) below is an excellent defense and counterattack position.

View real-time market 👇 $HOT

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