【$BERA Signal】Hold off on opening positions — after a short squeeze, the market is extremely overbought, waiting for a healthy correction

$BERA After a single-day surge of 85%, the price has formed a narrow range at high levels, which is a typical cooling-off phase following a short squeeze.

🎯 Direction: Hold off (NoPosition)

【Market Analysis】

RSI 14 is as high as 84.95, indicating an extremely overbought condition. The funding rate is -1.2063%, which is negative, but open interest (OI) remains stable, showing that shorts are still paying high fees, and the short squeeze risk has not been fully eliminated.

【Technical Logic】

The current price is more than 55% above the EMA20 (0.5870), with a large divergence, indicating a strong need for a technical correction. The depth imbalance is -17.87%, and the buy/sell ratio is 0.70, suggesting that sell orders are thicker and resistance above is heavy.

The 4H candlestick shows that the last volume bar has sharply decreased, and the proportion of buy orders has dropped to 0.46, indicating that the main buying momentum is weakening. Blindly chasing longs is extremely risky, but conditions for shorting are also not met (funding rate is negative, not positive).

【Trading Plan】

Currently, the market is driven by sentiment, lacking healthy technical support. It is necessary to wait for the price to retest key support levels (such as the previous high at 0.75-0.78 or near EMA20), accompanied by decreasing volume and RSI correction to the 50-60 range, before considering a long position on the right side.

Trade here 👇 $BERA

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