【$XNY Signal】Long - 1H strong breakout, capital inflow drives short squeeze

$XNY The 1H timeframe has just completed a volume breakout, with the price stabilizing above the EMA20 (0.0057), forming a strong upward channel. The 4H timeframe has closed bullish for several consecutive periods, breaking through the previous consolidation platform, indicating a trend reversal to bullish. Current open interest (OI) remains stable, and the price is rising without a decrease in open positions, suggesting genuine buying pressure rather than short covering. The order book shows selling pressure concentrated around 0.00616-0.00617; once broken, the price will accelerate upward.

🎯Direction: Long (Long)

🎯Entry/Order: 0.00614 - 0.00616 (Reason: Currently in a strong zone, retesting 1H EMA20 support )

🛑Stop Loss: 0.00595 (Reason: Falling below the 1H previous low and EMA50 support levels, ATR-based stop loss )

🚀Target 1: 0.00645 (Reason: Previous high resistance and 1.272 Fibonacci extension level )

🚀Target 2: 0.00670 (Reason: 1.618 Fibonacci extension level and psychological round number )

🛡Trade Management:

- Position Size Suggestion: Light position (Reason: Hot Coin volatility is extremely high, with daily gains exceeding 18%, risk control is necessary )

- Execution Strategy: When the price reaches 0.00645, reduce position by 50% and lock in profits, move the remaining stop loss up to the entry price of 0.00616. If the price strongly breaks through 0.00617 and stabilizes, consider adding a small position on retest.

Deep Logic: The 1H RSI is at 70.69, high but not exhausted, indicating strong momentum. The 4H RSI is at 63.58, still room to rise. The order book imbalance is -12.76%, with sparse sell orders, favoring quick breakout. Funding rate is positive but not high (0.0050%), with no extreme short squeeze signs, indicating a healthy upward trend. Market logic suggests “price rising, main players entering or shorts being squeezed,” and stable OI more likely indicates main players supporting the rally. The key is whether the price can quickly break through the 0.00617 sell pressure zone.

Trade here 👇 $XNY

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