【$BERA Signal】Close position + Short squeeze cooling observation

After a single-day surge of 20%, the price is oscillating and cooling in the high 0.618-0.639 range. RSI$BERA 72.57( indicates overbought conditions, but funding rate is -0.2052% and open interest (OI) remains stable. This is a typical short squeeze market, strictly avoid topping out and shorting.

🎯Direction: Close position

The current market is in the cooling phase after a short squeeze. Following a massive bullish candle on the 4H chart, the price is consolidating near previous highs. Buy order depth (Bids) is clearly accumulating in the 0.616-0.618 range, indicating support from buying pressure. However, EMA20)0.506( is well below the current price, suggesting a mean reversion pull.

The key contradiction is: negative funding rate + stable OI do not support a trend reversal to short, but RSI overbought and price far from moving averages make chasing longs extremely risky. The best strategy is to wait for a healthy pullback, test key support levels (such as the previous breakout around 0.516 or EMA20), and observe buy absorption before making a decision.

Trade here 👇 )
---

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