【$COOKIE Signal】Long - 1H Strong Breakout, Short Squeeze Initiated

$COOKIE The 1H timeframe has just experienced a volume breakout above the previous high, creating a new intraday high with strong momentum. The 4H timeframe has closed positive for several consecutive candles, breaking through the recent consolidation range, indicating a bullish trend reversal. Although the 1-hour RSI has entered the overbought zone, in a negative funding rate environment, open interest remains stable, suggesting shorts are being squeezed and the price is holding firm. This is a typical sign of a short squeeze. Currently, the price is far from the 1-hour EMA20, and chasing the breakout directly carries higher risk, but the bullish pattern is clear, so waiting for a pullback is advisable.

🎯 Direction: Long (Buy on Pullback)

⚡ Entry/Order: 0.01862 - 0.01904

🛑 Stop Loss: 0.01740

🚀 Target 1: 0.02150

🚀 Target 2: 0.02300

🛡️ Trading Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. Trail the remaining position for profit. If the price falls below the 1-hour EMA20 (currently around 0.0190), exit all positions.

Deep Logic: The volume breakout on the 4-hour chart indicates active buying pressure. Although order book shows some selling pressure, open interest remains stable amid rising prices, combined with negative funding rates, strongly suggesting that major funds are absorbing short positions to prepare for a subsequent short squeeze. The 1-hour structure is strong, and a pullback to the optimized entry zone is an excellent sniper point.

View real-time market 👇 $COOKIE

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