【$XNY Signal】Short squeeze structure, pullback to add longs

$XNY 1H level surge followed by pullback, buying depth far exceeds selling, capital support intention fully exposed. The 4H MACD histogram continues to expand, price breaks above the Bollinger upper band, bullish momentum not exhausted.
🎯Direction: Pullback to go long
⚡Entry: Enter directly when the price retraces to the lower end of the 0.00381 - 0.00452 range.
🛑Stop loss: Below 0.00378, exit if broken.
🚀Target 1: 0.00454
🚀Target 2: 0.00456
🛡️Trade management:
- Execution strategy: After reaching the first target, take half of the position profit, move the remaining stop loss up to the entry price. If the price cannot stabilize in the entry zone, abandon immediately.
Order book data shows that the total of the top 20 bid orders far exceeds the sell orders, with a depth imbalance ratio reaching 3.47 times, indicating extremely strong support below. Meanwhile, the funding rate remains positive, and open interest is stable. Under this structure, short covering could become the next driving force. The 1-hour RSI hovers around 70, indicating strong consolidation and no signs of exhaustion divergence. The current risk-reward ratio is not optimal, but the safety margin provided by market depth makes it worth a try.
Check real-time market 👇 $XNY
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