【$BANK Signal】Short squeeze relay, 1H pullback confirmation followed by a second surge

$BANK The 1H timeframe has experienced a massive rally and is currently consolidating strongly at high levels. A single towering bullish candle on the 4H chart has established a reversal trend. The current price is strongly consolidating above the 1H EMA20 (0.0382), which is a typical bullish handover and air-fuel structure. Open interest remains stable, funding rates are healthy, buy-side depth is dominant, and the main players have not exited.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0418 - 0.0420 (Reason: The 1H timeframe shows a strong pullback confirmation zone, which is also the Fibonacci 0.382 retracement level of the previous rally )

🛑Stop Loss: 0.0402 (Reason: Falling below the key support lows of the 1H timeframe and the EMA50 support line )

🚀Target 1: 0.0440 (Reason: Breaks above the previous high of 0.0438, opening upward space )

🚀Target 2: 0.0465 (Reason: Based on the recent upward wave height, the 1.618 Fibonacci extension level )

🛡️Trading Management:

- Position Size Suggestion: Light (Reason: Daily gains have exceeded 30%, volatility is extremely high, risk control is essential )

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price strongly breaks through 0.0440 and stabilizes, consider targeting the remaining position at 0.0465.

Depth Logic: The 4H volume surged over 10 times, breaking through the long-term downtrend, which is a clear signal of main capital entering. Although the 1H RSI (72.83) is high, it has not entered extreme overbought territory, leaving room for further upside. Market depth shows buy orders (bids) far exceed sell orders (asks), with a depth imbalance of 10.06%, indicating strong support below. Open interest remains stable after the price surge, suggesting it’s not purely a short squeeze but also new bullish funds entering to defend the market. This is a typical “first pullback after trend confirmation,” the best secondary entry point for risk-reward.

Trade here 👇 $BANK

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