【$D Signal】Short squeeze continues, 1H pullback confirmation followed by a second upward move

$D The 1H timeframe has experienced a massive rally and is currently consolidating at high levels to digest gains. A legendary 4H bullish candle directly reversed the long-term downtrend. The current price is strongly consolidating above EMA20_1H (0.0081), which is a typical structure of a pullback confirmation after a strong breakout. The negative funding rate is as high as -1.26% with stable open interest (OI), indicating that the bears are still struggling to support, and the short squeeze logic remains unchanged.

🎯Direction: Long (Long)

🎯Entry/Order: 0.00875 - 0.00885 (Reason: The EMA20 support zone on the 1H chart, also the lower boundary of the current consolidation range, with substantial buy depth )

🛑Stop Loss: 0.00855 (Reason: Falling below the recent 1H consolidation low and dense trading zone invalidates the short squeeze logic )

🚀Target 1: 0.00925 (Reason: Breaks above the previous high of 0.00921, opening up space above )

🚀Target 2: 0.00980 (Reason: The previous retracement platform in the 4H downtrend, also near the Fibonacci 0.618 retracement level )

🛡️Trading Management:

- Position Size: Light (Reason: Intraday volatility is extremely high, risk is amplified, and position control is essential )

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining position’s stop loss to the entry price. If the price strongly breaks above 0.0093 and stabilizes, consider targeting 0.0100 for the remaining position.

Deep Logic: Over the past few hours, the price surged violently from 0.0074 to 0.0092, with trading volume increasing dozens of times, a typical signal of main capital entering. Although the current buy/sell ratio is neutral, the open interest (OI) remains stable after the surge, indicating that longs are not taking large profits but are instead rotating positions. The 1H RSI (75.23) is high but not in extreme overbought territory, leaving room for further upward movement. The order book shows exceptionally thick buy depth around 0.0087-0.0088, providing strong temporary support. The core logic is a short squeeze under negative funding rates; as long as the price does not break below key support, the covering buy orders will continue to push the price higher.

Check real-time quotes 👇 $D

---

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