【$MINA Signal】Long and short battle, patiently waiting for 1H level direction choice

$MINA The 4H level is in a critical oscillation zone, and the 1H level is consolidating with decreasing volume around 0.0685, waiting for a directional breakout. The current price is declining but open interest remains stable, and the funding rate is negative, indicating strong bearish sentiment. However, major players have not significantly offloaded, suggesting a potential short squeeze. The order book shows sell orders stacking above 0.0687 and buy orders densely below 0.0685, indicating a potential reversal.

🎯 Direction: Watch and wait (Pending order strategy)

⚡ Breakout long order: 0.0691 ( Reason: Breaks above the 4H high and dense sell pressure zone )

⚡ Pullback long order: 0.0675 ( Reason: Retraces to 4H EMA50 and previous support zone )

🛑 Stop loss: 0.0668 ( Reason: Break below recent oscillation lower boundary )

🚀 Target 1: 0.0705 ( Reason: Previous high resistance and 1.272 Fibonacci extension )

🚀 Target 2: 0.0720 ( Reason: 1.618 Fibonacci extension )

🛡️ Trading management:

- Position suggestion: Light position ( Reason: Unclear direction, waiting for confirmation signals )

- Execution strategy: After any pending order triggers, if the price quickly rises, reduce 50% of the position near Target 1, and move the stop loss up to the entry price. If the price hovers around the entry point for more than 2 one-hour candles, consider exiting early.

Depth logic: Open interest remains stable while price slightly declines, combined with negative funding rate, indicating a typical bearish dominance with potential for bullish counterattack. The 1H RSI is neutral, with room for upward correction. Key is whether the price can hold above 0.0688 (1H open price) and eat through the sell wall above. A volume breakout could trigger a short squeeze.

Trade here 👇 $MINA

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