【$TAKE Signal】Long! Confirm on 1H pullback, main force clearly defending the market, short squeeze imminent

$TAKE The 1H timeframe has experienced an epic rally yesterday and is now at the end of a healthy flag pattern consolidation. The price is consolidating strongly in the 0.0500-0.0550 range, with the 1H EMA20 (0.0510) forming a dynamic support. The key point is: the price has retraced nearly 15% from the high of 0.059, but open interest (OI) remains stable without panic selling, which is a typical signal of main force defending the market. Coupled with a funding rate as high as 0.0895%, the cost of short positions is extremely high, and any upward breakout could trigger a short squeeze. The 4H level has stabilized above the EMA20 (0.0397), indicating the trend remains intact. The current 1H pullback presents an excellent second entry opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: Enter immediately near the current price of 0.0543, or accumulate in batches on a pullback to the 0.0525-0.0530 range (Reason: 1H EMA20 support zone and dense trading area of the previous hourly candles).

🛑Stop Loss: 0.0499 (Reason: A decisive break below the key retracement low of 0.0500 after yesterday’s rally, which is also the neckline of the 4H breakout structure).

🚀Target 1: 0.0590 (Reason: Test yesterday’s high resistance, also the 1.272 Fibonacci extension level).

🚀Target 2: 0.0650 (Reason: 1.618 Fibonacci extension level, corresponding to the previous daily chart chip vacuum zone).

🛡️Trade Management:

- Position suggestion: Standard position (Reason: 1H and 4H trend resonance, and order book depth is still decent, bid_ask_ratio is 0.86, not severely imbalanced).

- Execution strategy: After reaching Target 1, reduce position by 50%, and move the stop loss of the remaining position to the entry price (break-even). If the price strongly breaks through 0.0590 and stabilizes, move the remaining position’s stop loss to hold and aim for Target 2.

Deep logic: Market logic suggests “price rising, consider position size based on volume,” but currently OI is stable, and the price refuses deep correction, strongly indicating main force entering rather than purely short covering. The 1H RSI (60.54) has recovered from overbought and turned upward again, re-accumulating momentum. Market data shows heavy selling pressure above 0.0543-0.0544; once absorbed by buyers, it will open rapid upward space. The core of the current strategy is to play the main force’s secondary rally and short squeeze after shakeout.

Trade here 👇 $TAKE

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