$ATH The 1H timeframe has strongly broken through the previous high and stabilized above the EMA20, with the price hitting a new intraday high and momentum remaining strong. The 4H timeframe shows a bottoming out with increased volume and a rebound structure. Although the overall trend is still oscillating, the breakout signal on the 1H timeframe is clear. Coupled with extremely negative funding rates, there is potential for a short squeeze, highlighting short-term trading opportunities.

🎯Direction: Long (Long)
⚡Entry/Order: 0.00628 - 0.00633 (Near current price)
🛑Stop loss: 0.00605
🚀Target 1: 0.00665
🚀Target 2: 0.00695
🛡️Trade management:
- Position size suggestion: Light position
- Execution strategy: After reaching Target 1, reduce position by 50% and immediately move the stop loss to the entry price (break-even). Trail the remaining position for profit. If the 1H close price falls below EMA20 (currently around 0.0059), exit all positions.
Deep logic: The price is rising with increased volume on the 4H timeframe, but open interest (OI) trend remains stable without significant decline, indicating that the move is not solely driven by short covering. There may be new long funds entering the market. The key point is the funding rate, which is as high as -1.2587%, making short positions very costly. Despite this, the price remains resilient and continues upward, a typical sign of a potential short squeeze. The 1H RSI is at 67.56, not in extreme overbought territory, leaving room for further upside. The order book shows decent buy depth, but selling pressure above is concentrated in the 0.0063-0.00631 range. Once a clear breakout occurs, the upside potential will be unlocked.
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