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. This is a healthy reset following bullish momentum release, not a top formation. Market depth shows very light selling pressure, and negative funding rates indicate bears are still resisting, fueling potential short squeeze.
🎯 Direction: Long
🎯 Entry: 0.258 - 0.265
🛑 Stop Loss: 0.245 $BIRB Rigid stop loss, below previous breakout high and dense trading zone (
🚀 Target 1: 0.295
🚀 Target 2: 0.307
Core logic: The third massive bullish candle on the 4H chart (50 million volume) confirms main force entry, not just a short squeeze. The current price consolidates in the upper part of the massive candle, with no signs of panic selling. The 0.215-0.245 zone below forms a strong support band, the first value zone after breakout. Negative funding rates diverging from price increase suggest short squeeze potential. During the pullback, no amplified sell pressure appeared, indicating a buy absorption-style correction, maintaining an upward structure.
Trade here 👇 )
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