【$SPACE Signal】Short squeeze continues, buy on 1H pullback!

$SPACE The 1H timeframe is in a strong consolidation at a high level after a sharp rise, and the 4H timeframe has formed a massive bullish candle breaking through the long-term downtrend. Currently, the price is strongly ranging above the 1H EMA20 (0.0080). RSI is high but shows no bearish divergence, which is typical of a hot coin short squeeze scenario. Main funds are still in the market. Open interest remains stable, and buy-side depth (bid_ask_ratio_depth=1.60) is far greater than sell-side, indicating strong support below. Don't fear heights; a pullback is an opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0098 - 0.0100 (Reason: Dynamic support at 1H EMA20 and previous hour's low)

🛑Stop loss: 0.0093 (Reason: Falling below 1H EMA50 strong support and the previous rally start point)

🚀Target 1: 0.0108 (Reason: Previous high resistance and psychological round number)

🚀Target 2: 0.0118 (Reason: 1.618 extension based on ATR)

🛡️Trade management:

- Position suggestion: Light position (Reason: Daily increase has exceeded 60%, volatility is very high)

- Execution strategy: Use scaled take profits. Close 50% at Target 1, move stop loss on remaining position to entry price. If price strongly breaks through 0.0108 and stabilizes, consider aiming for 0.0118 with the remaining position.

Depth logic: This is a classic short squeeze. A massive bullish candle on the 4H chart (volume surge) directly reverses a month-long downtrend, signaling clear entry of main funds. The 1H RSI hits 82, but the price refuses to deepen the correction, and buy orders are stacked heavily (depth imbalance 22.98%), creating dual pressure from forced short covering and chasing buyers. Funding rate is positive at 0.0327%, but not high enough to be dangerous. The core strategy is to seize any small pullback on the 1H timeframe to continue playing the trend inertia.

Trade here 👇 $SPACE

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