【$XNYUSDT Signal】Short squeeze continues, dip to go long

$XNYUSDT 1H timeframe shows a violent surge of 28%, the price has broken out of the upper Bollinger Band, RSI has soared to 77.71, with clear signs of a buying gap. The 4-hour MACD histogram continues to expand, open interest remains stable, and funds have not exited.

🎯Direction: Long

⚡Entry/Order: 0.00650 - 0.00667

🛑Stop Loss: 0.00620

🚀Target 1: 0.00853

🚀Target 2: 0.00947

🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.

Order book depth shows sell orders stacked above 0.00753, but buy orders below 0.00750 are very thick, forming a clear support level. The 1-hour moving average system is in a bullish alignment, and the price is far from the EMA20. This initial pullback after a sharp rise into the moving average cluster is an excellent entry point with a favorable risk-reward ratio. Open interest has not decreased, indicating this is not just a pump-and-dump, but rather a capital rotation after a short squeeze.

View real-time market 👇 $XNYUSDT
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL