【$BERA Signal】Close Positions + Short Squeeze Cooling Observation

After a single-day surge of 20%, the price is consolidating at a high level within the 0.618-0.639 range. The RSI$BERA is at 72.57( indicating overbought conditions, but the funding rate is -0.2052% and open interest (OI) remains stable. This is a typical short squeeze market, and it is strictly forbidden to chase the top and short.

🎯Direction: Close Positions

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 the previous high. Buy order depth (Bids) is clearly accumulating in the 0.616-0.618 range, indicating buying support. However, the EMA20) at 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 the price far from the 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 buying absorption before making a decision.

Trade here 👇 )
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