【$TAKE Signal】All positions closed + Short squeeze cooling after overbought

After a 29% surge on the 4-hour chart with high volume, the price is consolidating at a high level. RSI$TAKE 72.7( indicates overbought conditions, but the funding rate)+0.0834%( is positive and open interest remains stable, ruling out a short squeeze)Short Squeeze(. It appears more like profit-taking after bullish momentum driven by the main buyers. The depth imbalance)+6.23%( shows thicker buy orders, but the price has already moved far from the EMA20)0.0198( support, making chasing high very risky.

🎯Direction: No Position )NoPosition(

The current market lacks high-probability trading setups. For long positions: the price has moved far from key support, with no healthy pullback entry points. For short positions: the funding rate has not reached extreme levels)>0.05%(, and there are no combined signals of decreasing open interest and RSI divergence at the top, so attempting to short at the top is a suicidal move.

The core strategy is to wait. Either the price pulls back to the EMA20 or breaks through previous resistance)0.0198-0.020 area( with decreasing volume and RSI correcting around 50, forming a healthy reset before going long. Or, if the price consolidates or makes a second rally at the current level, with a surge in funding rate, decreasing open interest, and divergence signals, then consider a short on the left side. For now, watching the market is the only correct action.

Trade here 👇 )
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‍$TAKE
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