【$DENT Signal】Pullback to Long + 1H Level Strong Shakeout and Rebound

$DENT After experiencing a massive rally, the 1H level enters a high-level consolidation shakeout. The current price is around 0.000359, and the 1H candlestick is attempting to stabilize above the EMA20 (0.0004). The key point is that the 4H level has formed a clear upward trend, and open interest (OI) remains stable. The negative funding rate is as high as -0.22%, indicating a potential short squeeze risk. The 1H RSI (55.01) has fallen from overbought territory to a healthy zone, preparing for another upward move. The order book shows buy-side depth far exceeds sell-side (depth imbalance of 3.74%), with strong support below.

🎯 Direction: Long (Long)

🎯 Entry/Order: 0.000355 - 0.000360 ( Reason: Rebound to the upper boundary of the 1H dense trading zone and strong support zone )

🛑 Stop Loss: 0.000335 ( Reason: Break below recent 1H consolidation low and ATR lower band )

🚀 Target 1: 0.000390 ( Reason: Previous high resistance and 1H Fibonacci 0.618 retracement level )

🚀 Target 2: 0.000420 ( Reason: 4H previous high and trend extension level )

🛡️ Trading Management:

- Position Size Suggestion: Light ( Reason: Intraday volatility is extremely high; after a 44% increase, caution against profit-taking reversal )

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price strongly breaks through 0.000390 with increased volume, hold the remaining position towards Target 2.

Deep Logic: Although the 1H buy/sell ratio is close to balanced, the massive negative funding rate indicates accumulated short positions. Once the price rejects a deep correction and re-stabilizes above 0.00036, it is very likely to trigger a short squeeze (short covering). The 4H OI remains stable, indicating funds have not significantly withdrawn, which is healthy turnover. Multiple long lower shadows around 0.00035-0.00036 confirm the support's validity and make it an excellent short-term sniper entry point.

View real-time quotes 👇 $DENT

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