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#Gate广场发帖领五万美金红包 【$XNY Signal】Long | Breakout retest confirmation, complete short squeeze structure

$XNY On the 4-hour chart, after a volume breakout above the previous high of 0.00554, it is currently undergoing healthy consolidation at a high level. The price has stabilized above the EMA20(0.0053), with deep buy orders(Bids) significantly thicker than sell orders(Asks), indicating institutional support and accumulation intentions.

🎯Direction: Long

🎯Entry: 0.00605 - 0.00612

🛑Stop Loss: 0.00585 (Break below the previous 4-hour candle low and EMA20 support, invalidating the logic)

🚀Target 1: 0.00655

🚀Target 2: 0.00695

Hardcore logic: The current market is a typical short squeeze structure. Funding rate is only 0.005%, far from dangerous levels, and open interest(OI) remains stable at a high of 783 million, indicating that bears have not exited. RSI(69.21) is high but not overbought, and the buy/sell ratio during the rally reaches 0.53, showing buying dominance.

Depth imbalance reaches 13.73%, with buy walls(0.006128-0.00614) much thicker than the sell orders above, providing a solid foundation for the price. After breaking out, the price retests previous resistance turned support at(0.00601-0.00605), with declining volume, indicating a healthy reset. ATR(0.0005) shows normal volatility, with reasonable stop-loss space and a risk-reward ratio >2.5.

Trade here 👇 $XNY

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