【$H Signal】Long! 1H strong breakout, main funds support the market, short squeeze trend begins
$H The 1H timeframe is consolidating strongly above the EMA20, just broke above the previous high of 0.1957 with increased volume, momentum is strong. The 4H timeframe has formed three consecutive bullish candles, breaking through the long-term downtrend line, indicating a clear trend reversal signal. Open interest remains stable, prices are rising sharply while positions are not decreasing, combined with positive funding rates, this is a typical short squeeze initiation signal, with clear main force support.
🎯Direction: Long (Long)
🎯Entry/Order: Current price 0.1928 - 0.1935, enter within this range (Reason: After the 1H breakout, a pullback confirmed support, EMA20_1H dynamic support )
🛑Stop loss: 0.1850 (Reason: Break below the 1H support level and EMA50_1H key level )
🚀Target 1: 0.2050 (Reason: Previous high resistance on the daily chart )
🚀Target 2: 0.2200 (Reason: Based on the recent rally’s 1.618 Fibonacci extension level )
🛡️Trade management:
- Position suggestion: Standard position (Reason: Multi-timeframe resonance, clear trend, but risk per trade should be controlled )
- Execution strategy: When price reaches 0.2050, reduce position by 50%, move stop loss on remaining position to entry price 0.1930. If price strongly breaks above 0.2050 and stabilizes, move remaining stop loss to 0.2000 to aim for the second target.
Deep logic: RSI on 1H reaches 80, indicating short-term overbought, but this is characteristic of a strong short squeeze market, so avoid guessing the top prematurely. The 4H RSI is 76, still room to go higher. Order book depth shows sell orders accumulating around 0.193-0.194, but buy support below 0.1928 is dense, with depth imbalance at -29.5%, indicating strong buy support despite large sell pressure. The key is whether the price can hold above 0.1957; if it does, the upside potential opens.
Trade here 👇 $H
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