【$0G Signal】 Short Position, Waiting for Short Squeeze Momentum to Fade

$0G After a 32% surge on the 4H timeframe, the price has entered a sideways consolidation at high levels, which is a typical cooling-off phase after a short squeeze.

🎯 Direction: Short

Market Analysis: The 4H RSI has reached 69.19, entering the overbought zone. The key data point is the funding rate at -0.4120%, with open interest remaining stable, and a deep imbalance of -22.50% (sell orders far thicker than buy orders). Additionally, the latest K-line shows only 45% buy volume. These are typical characteristics of a short squeeze market (negative funding rate + price rally), but the deep order book imbalance and decreasing buy volume suggest heavy selling pressure above, making chasing high very risky.

Logical Analysis: The current price is far from the EMA20 (0.5716), indicating a need for a technical pullback. During a short squeeze, it is strictly forbidden to attempt to top-tick and short on the left side, but current data does not support chasing higher. Major players may be using negative funding rates to squeeze out shorts and distribute at high levels.

Trading Plan: Wait for the price to pull back to key support levels (such as the 0.618-0.650 zone, the first 4H candle body after yesterday’s breakout) and observe buy absorption. Alternatively, wait for the price to break below 0.678 (the lower boundary of the current sideways range) to confirm momentum exhaustion. Currently, there are no high-probability R:R entry points, so stay in a short position and observe.

Trade here 👇 $0G

---

Follow me: Get more real-time analysis and insights on 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