$CLANKER After a violent surge, the price consolidates strongly at high levels with deep buy orders stacking up. This is a typical healthy reset in a short squeeze market.
Hardcore logic: After a volume breakout on the 4H timeframe, the price remains above EMA20(33.91), confirming the trend. The key data point: Funding rate is -0.0074%, negative, but open interest(OI) remains stable. This is a typical short squeeze structure, where shorts are still paying fees rather than the main force distributing.
Market analysis: Order book depth is unbalanced at -15.71%, buy orders significantly thicker than sell orders, especially with large buy orders accumulated in the 36.70-36.75 range, indicating institutional support and accumulation at key levels. RSI at 59.87 is in a healthy zone, with no overbought divergence. ATR is 3.31, making the stop loss reasonable, with a risk-reward ratio >2.
Overall judgment: Negative funding rate + stable OI + deep buy support make a pullback to 36.30-36.60 (above the previous breakout zone and dense buy orders) a low-risk long opportunity, targeting previous highs and liquidity zones above.
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$CLANKER After a violent surge, the price consolidates strongly at high levels with deep buy orders stacking up. This is a typical healthy reset in a short squeeze market.
🎯 Direction: Long
🎯 Entry: 36.30 - 36.60
🛑 Stop Loss: 34.80 ( Rigid stop loss, break below previous low and EMA20 support)
🚀 Target 1: 39.50
🚀 Target 2: 43.60
Hardcore logic: After a volume breakout on the 4H timeframe, the price remains above EMA20(33.91), confirming the trend. The key data point: Funding rate is -0.0074%, negative, but open interest(OI) remains stable. This is a typical short squeeze structure, where shorts are still paying fees rather than the main force distributing.
Market analysis: Order book depth is unbalanced at -15.71%, buy orders significantly thicker than sell orders, especially with large buy orders accumulated in the 36.70-36.75 range, indicating institutional support and accumulation at key levels. RSI at 59.87 is in a healthy zone, with no overbought divergence. ATR is 3.31, making the stop loss reasonable, with a risk-reward ratio >2.
Overall judgment: Negative funding rate + stable OI + deep buy support make a pullback to 36.30-36.60 (above the previous breakout zone and dense buy orders) a low-risk long opportunity, targeting previous highs and liquidity zones above.