【$MBOX Signal】Short squeeze pullback, second attempt to push higher!

$MBOX 1H timeframe experienced a 41% violent surge, entered a high-level consolidation, and is now pulling back to confirm support. The 4H timeframe has a strong bullish candle establishing a reversal trend, but the 1H RSI has entered overbought territory, indicating a healthy correction is needed to digest profit-taking. The key point is that open interest remains stable, and the funding rate is as high as -0.34%, indicating that bears are still resisting stubbornly, and any pullback could trigger a new round of short squeezing. Market depth shows buy orders are far thicker than sell orders, with strong support below.

🎯 Direction: Long (buy on pullback)

⚡ Entry/Order: 0.0191 - 0.0195

🛑 Stop Loss: 0.0184

🚀 Target 1: 0.0215

🚀 Target 2: 0.0230

🛡️ Trading Management:

- Execution Strategy: Use staggered entries, buy on dips within the range. After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold remaining position to aim for Target 2. If the price strongly breaks above the previous high of 0.02316, continue holding for higher potential.

Depth Logic: This is a typical technical pullback after a short squeeze. The 4H price has strongly broken above all EMA lines, indicating a trend reversal to bullish. Although the 1H is overbought, the price is supported above the EMA20 (0.0195), and market depth shows buy orders are stacked high, with a depth imbalance rate of 22%, demonstrating strong institutional support. Under a negative funding rate environment, the price remains firm, and short covering pressure is significant. It is recommended to patiently wait in the optimized entry zone for a second move upward.

View real-time market 👇 $MBOX

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