【$ATH Signal】Short Cover Bounce + 1H Momentum Reversion

$ATH The 1H timeframe, after experiencing a massive rally, is currently in a strong consolidation at high levels. The key point is: the 1H candlestick remains firmly above the EMA20 (0.0054), and EMA20 has crossed above EMA50 to form a golden cross, which is a clear signal of short-term momentum reversion. The 4H timeframe has even broken through the previous consolidation platform with a large volume. Although RSI is somewhat high, the negative funding rate is as high as -1.62% and open interest (OI) remains stable, indicating that the bears are paying a high cost, with potential for a short squeeze. Market depth shows very thick buy orders (bid_ask_ratio_depth: 3.20), and the main force’s intention to defend the price is obvious.

🎯Direction: Long (Long)

🎯Entry/Order: 0.00583 - 0.00588 (Gradual entries near current price)

🛑Stop Loss: 0.00562 (Break below the 1H previous low and EMA50 support)

🚀Target 1: 0.00637 (Test previous high resistance)

🚀Target 2: 0.00680 (Look towards the Fibonacci extension level on the 4H timeframe)

🛡️Trade Management:

- Position suggestion: Light position. This is a trend-following trade after high volatility, with higher risk.

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the stop loss of the remaining position to the entry price (break-even). If the price cannot hold above 0.00595 and falls back, consider exiting early.

Depth logic: This is a typical capital-driven rebound. A massive bullish candle on the 4H (918M volume) has changed the downward trend structure. Although RSI on the 1H ((69.72)) and 4H ((73.27)) are somewhat high, indicating short-term overheating, the negative funding rate (-1.6196%) is the key point, showing crowded short positions. Any stabilization in price could trigger short covering and squeeze, pushing the price higher. OI remains above $1 billion, indicating capital has not exited. Combined with the advantage of market depth, short-term bullish forces are dominant.

View real-time market 👇 $ATH

---

Follow me: Get more real-time analysis and insights on the crypto market!