【$FIL Signal】Bullish Breakthrough + Main Force Short Squeeze

$FIL 1H timeframe just completed an epic volume surge, with the price breaking through the key psychological level of 1.0, creating a recent new high. A single strong bullish candle on the 4H chart immediately reversed the downward trend, forming a V-shaped reversal pattern. Currently, the price is consolidating strongly around 1.097. The 1H RSI is as high as 92.63, indicating extreme overbought conditions, but open interest remains stable and buying depth is substantial. This is a typical main force short squeeze scenario, with bears being forced to cover. Do not guess the top lightly.

🎯Direction: Long (Long)

🎯Entry/Order: Enter a small position at the current price around 1.097, or wait for a slight pullback on the 1H chart to the 1.085-1.090 range to add.

🛑Stop Loss: 1.065 (Break below the low of the previous 1H bullish candle, indicating short squeeze failure)

🚀Target 1: 1.130 (Previous high resistance zone, also an integer level)

🚀Target 2: 1.180 (Extended target based on ATR calculation, strong resistance on the 4H chart)

🛡️Trading Management:

- Position Size: Small (1-2%) to gamble, as RSI is extremely high and volatility will increase.

- Execution Strategy: After reaching 1.130, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 1.097. If the price strongly breaks through 1.130 and stabilizes, move the remaining stop loss up to 1.110 to aim for the second target.

(Depth Logic: Over the past 4 hours, trading volume exploded, with the price soaring 24.8%, but open interest (Open Interest) remains stable. This is not purely bullish accumulation but is driven by passive short covering (short squeeze). The order book shows a slight advantage in buy-side depth (bid_ask_ratio_depth=1.06). There is a large accumulation of buy orders in the 1.08-1.085 area, forming a strong support. Despite the RSI being severely overbought, in a short squeeze scenario, overbought conditions can persist longer. The key is to watch the 1H candlestick; as long as there are no long upper shadows or the price does not break below 1.085 support, the bullish trend remains intact. )

Check real-time market 👇 $FIL

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