【$SPACE Signal】Short squeeze continues, 1H level consolidates strongly, aiming for a secondary surge

$SPACE The 1H level has entered a strong sideways consolidation after a massive rally, with price staying close above EMA20_1H (0.0101), refusing deep retracement. The 4H level has formed a three consecutive bullish breakout structure, indicating a strong trend. Current open interest (OI) remains stable, funding rates are positive but not at dangerous levels, and the order book depth (Bid/Ask Ratio: 1.27) is significantly better than the sell side, showing clear main force support intentions. This is a typical strong consolidation after a short squeeze, preparing for a second rally.

🎯 Direction: Long (Long)

🎯 Entry/Order: Enter directly within the current price range of 0.01297 - 0.01305 ( Reason: Above the 1H EMA20 support zone, strong consolidation platform )

🛑 Stop loss: 0.01235 ( Reason: Break below the previous consolidation low and EMA50_1H support )

🚀 Target 1: 0.01450 ( Reason: Previous high resistance and 1.272 Fibonacci extension level )

🚀 Target 2: 0.01600 ( Reason: 1.618 Fibonacci extension level and daily level previous chip zone )

🛡️ Trading management:

- Position suggestion: Light position ( Reason: Intraday increase has exceeded 80%, volatility is extremely high, risk and opportunity coexist )

- Execution strategy: After the price reaches 0.01450, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.01300. If the price strongly breaks through 0.01450 and stabilizes, hold the remaining position towards target 2.

Depth logic: The 4H level shows volume and price rising together, with buy dominance (Buy/Sell Ratio > 0.5), a clear signal of main capital entering. Although the 1H RSI is high (85.16), in a strong trend it does not indicate an immediate reversal but reflects strong momentum. The order book depth imbalance reaches 12.06%, with buy orders accumulating below 0.01300 forming a solid support wall, creating significant short covering pressure. Coupled with stable open interest during the surge, indicating not just profit-taking by longs but new funds entering, maintaining a healthy bullish structure.

Trade here 👇 $SPACE

---

Follow me: Get more real-time analysis and insights into the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包