【$XNY Signal】Long! Strong breakout on the 1H chart, main funds supporting the market, short squeeze underway
$XNY The 1H timeframe has just confirmed a strong pullback to the EMA20, accompanied by increased volume, indicating strong short-term momentum. The 4H chart has broken through the previous consolidation zone, forming an ascending relay structure. Stable open interest (OI) suggests funds have not exited, and conditions for a short squeeze are initially in place.
🎯Direction: Long (Long)
🎯Entry/Order: 0.00614 - 0.00618 (Reason: 1H EMA20 support zone, solid buy order depth )
🛑Stop Loss: 0.00593 (Reason: Break below the previous 1H candle body low and key psychological level )
🚀Target 1: 0.00654 (Reason: Previous high resistance level, today's high )
🚀Target 2: 0.00690 (Reason: 4H previous high and 1.618 Fibonacci extension level )
🛡️Trade Management:
- Position size suggestion: Standard position (Reason: 1H/4H resonance upward, risk-reward ratio >1.5 )
- Execution strategy: When price reaches 0.00654, reduce position by 50% and lock in profits; move the stop loss on remaining position to the entry price. If the price quickly surges past 0.00654, hold for the second target.
Depth logic: After a 22% surge, the price did not undergo a deep correction. The 1H RSI(63) remains healthy and not overbought. Order book depth imbalance reaches 30.99%, with buy orders significantly stronger than sell orders, indicating clear main force support. Open interest (OI)( remains stable after the price rise, suggesting not just a short squeeze but ongoing long fund participation. Combined with positive funding rates, the short squeeze scenario has a sustainable basis.
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