【$TAG Signal】Long | Short squeeze initiated, breaking through previous high resistance

$TAG On the 4H timeframe, volume breaks above the previous consolidation zone, forming a strong bulldozer pattern. The price has stabilized above the EMA20, which is a typical trend initiation signal.

🎯Direction: Long

🎯Entry: 0.0003750 - 0.0003770

🛑Stop Loss: 0.0003595 (Break below the low of the previous 4H bullish candle, rigid stop loss)

🚀Target 1: 0.0003950

🚀Target 2: 0.0004150

Market analysis: The recent rally was accompanied by stable open interest(OI) and a positive funding rate(0.0169%), ruling out a short squeeze and confirming inflow of main capital. RSI(73.66) remains high, but buying pressure persists. The depth imbalance reaches 11.87%, with buy bids(Bids) significantly thicker than sell asks(Asks), indicating strong support below.

Logical core: Price has broken through and stabilized above the key resistance turn point at 0.000368 (previous high area), which now acts as strong support. Continuous bullish candles on the 4H chart show increasing body size, dominated by buying (latest candle buy/sell ratio 0.57), with the market unafraid of selling pressure. ATR indicates expanding volatility, with ample trend momentum.

Risk management: Set stop loss at a healthy retracement level of 0.0003595, just below the last consolidation candle’s low before the breakout. Entry risk/reward ratio(R:R) > 2.0, meeting mathematical advantage. Be cautious: if the price quickly drops below 0.000368 accompanied by decreasing open interest, the logic fails.

Trade here 👇 $TAG

---

Follow me: Get more real-time analysis and insights into the crypto market! $BTC $ETH $SOL