【$TAKE Signal】Long | Healthy Pullback After Short Squeeze Initiation

$TAKE After a single-day surge of 24%, the price consolidates within a narrow range below the previous high resistance zone. This is a typical healthy reset after a short squeeze, not a top.

🎯Direction: Long

🎯Entry: 0.0222 - 0.0225

🛑Stop Loss: 0.0215 (Rigid stop loss, break below the previous 4H bullish candle low and EMA20 support)

🚀Target 1: 0.0248 (Previous high resistance)

🚀Target 2: 0.0270 (Fibonacci 0.618 extension level)

Market Analysis: After the last massive 4H bullish candle, there was no deep correction; instead, the price moved sideways in its upper half. The order book depth shows ask orders (sellers) significantly thicker than bid orders (buyers), with an imbalance rate of -9.09%. This is a typical “liquidity wall,” intended to suppress the price and absorb sell orders, easing the main force’s subsequent upward movement.

Core Logic: This is not blindly chasing the rally. 1) Short squeeze logic is valid: funding rate is positive but not high (0.0177%), open interest (OI) remains stable, ruling out the possibility of main players pushing up to dump, and it appears more like a passive short covering trigger. 2) Technical health: Price remains above EMA20 (0.0193), RSI (70.93) is high but not showing bearish divergence, and after consolidation, it has recovered from overbought territory. 3) Key support is effective: Entry zone corresponds to the 50% Fibonacci retracement of the previous rally and the 4H order block, representing the limit of a healthy correction. Risk-reward ratio (R:R) > 2.5, aligning with mathematical advantage.

Trade 👇 $TAKE

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