【$YGG Signal】Short squeeze pullback, aiming for a second upward attack

$YGG The 1H timeframe entered a high-level consolidation after a massive rally, with price oscillating within the 0.0489-0.0506 range to digest gains. A single large-volume bullish candle on the 4H chart confirms short-term strength. Currently, the price is pulling back above the 1H EMA20 (0.0455), which is a healthy correction. The key points are: the negative funding rate is as high as -0.8458%, and open interest remains stable, with no significant price decline. This is a typical short squeeze structure, with enormous short covering pressure. The 1H RSI (68.51) has retreated from overbought territory, preparing for another upward move.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0488 - 0.0492 (Reason: 1H EMA20 dynamic support zone + lower boundary of consolidation range )

🛑Stop loss: 0.0475 (Reason: Break below the previous rally start point at 0.04756, structure broken )

🚀Target 1: 0.0517 (Reason: Previous high resistance level )

🚀Target 2: 0.0535 (Reason: 4H Fibonacci 0.618 extension level )

🛡️Trade management:

- Position suggestion: Light position (Reason: Daily volatility has increased to 23%, higher risk )

- Execution strategy: After entering, if the price quickly hits Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price consolidates in the entry zone for more than 4 one-hour candles without advancing, consider closing the position.

Deep logic: The order book shows an abnormal concentration of buy orders at 0.0489-0.0490 (large cumulative order volume), a clear signal of main force defending the price. Market logic indicates “price rising, combined with position volume,” and with stable open interest + firm price + negative funding rate, all three resonate to suggest the short squeeze is ongoing. The buy/sell ratio on the 1H chart is 0.44 in the latest candle, indicating short-term selling pressure, which is the perfect opportunity for a pullback to go long. The risk is that the 4H RSI has reached 75.67, in overbought territory, so only short-term trading is recommended; avoid overtrading.

Check real-time market 👇 $YGG

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包