【$IDOL Signal】Long! 1H strong breakout, capital inflow supports the rally, short squeeze underway

$IDOL The 1H timeframe has strongly broken through the previous consolidation zone, the price has stabilized above EMA20 (0.0232), and a new intraday high has been set. A massive bullish candle (+10%) on the 4H chart confirms a trend reversal. Although RSI is in the overbought zone, open interest (OI) remains stable, and funding rates are mild, indicating that main capital is still in the market and not purely retail FOMO. Market depth shows sell orders accumulating around 0.0252-0.0253. Once broken, a short squeeze will be triggered.

🎯Direction: Long (Long)

🎯Entry/Orders: Enter in batches within the current price range of 0.0251 - 0.0253 (Reason: 1H EMA20 support above, strong consolidation zone )

🛑Stop loss: 0.0244 (Reason: Break below the start of the 1H bullish breakout candle and EMA50 support at 0.0224 )

🚀Target 1: 0.0268 (Reason: Resistance at previous wave high on the 4H chart )

🚀Target 2: 0.0285 (Reason: 1.618 Fibonacci extension based on ATR measurement )

🛡Trade Management:

- Position size suggestion: Light position (Reason: RSI overbought, volatility extremely high, strict risk control needed )

- Execution strategy: When price reaches around 0.0260, move stop loss up to entry price 0.0253 (breakeven). After reaching Target 1, reduce position by 50%, and trail stop to hold remaining position for Target 2.

Deep logic: When the price surges on the 4H chart with volume, open interest (OI) remains stable. This is not a rebound driven by short covering but active entry of new long positions. Although the 1H RSI is as high as 84, in hot coin markets, strong coins can maintain high RSI levels for extended periods. Market depth shows a large number of sell orders at 0.0252-0.0253, which is a key resistance and a short-term defense line. Breaking through this will trigger a short squeeze. Support below is dense with buy orders.

View real-time market 👇 $IDOL

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