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$NIL Signal】No Position. After short squeeze, extreme overbought condition, waiting for healthy correction.
$NIL on the 4-hour timeframe, a massive bullish surge of 34% with a violent long candle. Price has broken above previous resistance, but RSI is at 80.35, entering the extremely overbought zone.
Key data reveals the nature of the short squeeze: funding rate is -0.2342% (negative), but open interest remains stable, and buy order depth is significantly thicker than sell orders (Bid/Ask Ratio 0.68), indicating shorts are being squeezed and buying strength is strong. However, the last 4H c