【$TAKE Signal】Pullback to add longs + short squeeze logic, after strong consolidation on 1H look for a second surge

$TAKE On the 1H timeframe, after a massive rally yesterday, it entered a strong sideways consolidation, building a support level around 0.055. The 4H chart shows a towering pillar confirming a reversal trend. Currently, the 1H RSI(71.54) is somewhat high but not overbought, and EMA20(0.047) has crossed above EMA50(0.040) to form a golden cross, indicating a strong pullback rather than a trend reversal. The funding rate is relatively high at 0.1073%, but open interest remains stable. Combined with the order book showing deep buy-side support (bid_ask_ratio_depth: 1.20), this is a typical short squeeze structure—shorts are forced to cover, fueling the rally, with clear bullish support from major buyers. Volatility equals profit; now is an excellent time to target a pullback.

🎯Direction: Long (Long)

🎯Entry/Orders: Enter in stages within the 0.0540 - 0.0550 range (Reason: 1H EMA20(0.0470) is a strong support zone, also the first consolidation platform after yesterday’s rally)

🛑Stop Loss: 0.0515 (Reason: Break below 1H EMA50(0.0400) and the previous support level at 0.0526, ATR(0.009) with a 1x buffer)

🚀Target 1: 0.0615 (Reason: Previous high resistance, also the high point of yesterday’s upper shadow)

🚀Target 2: 0.0680 (Reason: Based on yesterday’s rally wave 1.618 Fibonacci extension level)

🛡️Trade Management:

- Position size suggestion: Light position (Reason: 24h gains have exceeded 30%, volatility is extremely high, strict risk control needed)

- Execution strategy: Use staged entry—half position at 0.0550, add the other half at 0.0540. After reaching Target 1, reduce position by 50% and move stop loss to the entry average price of 0.0545. Hold remaining position for Target 2. If price surges quickly above 0.0600 with signs of slowing, consider partial early profit-taking.

Deep logic: Market signals suggest ‘price rising, main players entering or shorts being squeezed’. Data confirms the latter: price surged over 30%, open interest stable, funding rate positive and high—classic short squeeze conditions. The 1H candlestick after massive volume shows a consolidation with decreasing volume, indicating healthy profit-taking and rotation. Order book depth is imbalanced at 8.89% leaning towards sellers, but buy orders are more concentrated (bid_ask_ratio_depth: 1.20), showing strong support below. The 4H buy/sell ratio remains around 0.5, indicating not purely retail FOMO. The core strategy relies on the 1H moving average cluster support, aiming to play the second wave of the short squeeze.

Trade here 👇 $TAKE

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