【$MINA Signal】No Position + Weak Consolidation Awaiting Direction

$MINA Is consolidating weakly below EMA20, with price action indicating a continuation of the downtrend, lacking effective buying support.

🎯 Direction: No Position

Market Analysis: Price remains below EMA20 (0.0654), with EMA50 (0.0677) forming strong resistance above. The 4H candlestick highs are gradually decreasing (0.0665 -> 0.0664 -> 0.0663), indicating a bearish structure.

Core Logic: Key data points to a bearish dominance. 1) Funding rate at -0.17%, a significantly negative value, but open interest (OI) remains stable, which is not a short squeeze signal but reflects market-wide bearish outlook on future prices. 2) Depth imbalance at 26.65%, with sell orders (Asks) heavily stacked in the 0.0650-0.0660 range (totaling over 1.5 million), forming a heavy resistance wall. 3) The buy/sell ratio has been below 0.53 for multiple consecutive candles, indicating persistent active selling pressure.

Market Sentiment: Although there are buy orders accumulated near 0.0648 (current price), sell order pressure above is more concentrated. RSI (46.75) is in a neutral to weak zone, with no oversold rebound momentum. ATR (0.0021) indicates low volatility, characteristic of a downward drift.

Trading Plan: Current bullish and bearish logic are both unclear. Long positions lack signals such as price above EMA20 and increasing OI; short positions do not meet the "high funding rate + decreasing OI + bearish divergence" triple resonance condition. Price needs to break through and hold above EMA20 or drop volume-wise below the key support at 0.0635 (bottom of the deep buy order cluster) to confirm a new direction.

Trade 👇 $MINA

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