【$H Signal】Short squeeze continues, 1H pullback confirmation followed by a second surge

$H The 1H timeframe has experienced a massive rally and is currently consolidating at high levels. The price has built a support platform in the 0.218-0.224 range, with the 1H EMA20 (0.1977) moving higher to become a strong support. The 4H timeframe shows a volume-driven long bullish candle breaking through the previous consolidation zone, indicating a shift to a strong bullish trend. Although RSI is high, there is no bearish divergence, and open interest (OI) remains stable, showing that funds have not exited. This is a healthy correction after a typical short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 0.2210 - 0.2230 (Reason: The lower boundary of the 1H support zone, also the relatively low point of the current consolidation range )

🛑Stop loss: 0.2150 (Reason: Falling below the 1H support level and EMA50 indicates a deepening correction )

🚀Target 1: 0.2368 (Reason: Previous high resistance and the top of the 4H large bullish candle )

🚀Target 2: 0.2500 (Reason: Based on the initial extension level of ATR, a psychological round number )

🛡️Trade management:

- Position suggestion: Light position (Reason: Daily gains have exceeded 37%, volatility is extremely high, risk and opportunity coexist )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.2210. If the price cannot hold above 0.2230 and falls back again, consider exiting early and observing.

Deep logic: Market logic suggests “price rising, main force entering or bears stepping on the brakes.” Data shows that the 4H buy/sell ratio is balanced, but the latest 1H buy ratio has reached 0.56, indicating a return of buying strength. Open interest remains stable after a surge, implying that long positions have not been largely profit-taken, and shorts may still be under pressure. The funding rate of 0.0719% is positive but not extreme, leaving room for a short squeeze. The 1H RSI has fallen from overbought to 72, providing momentum for another upward move. Sell orders are stacking above 0.2238; once broken, the acceleration will increase.

Trade here 👇 $H

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