【$XNYUSDT Signal】Short squeeze buildup, pullback is a buy signal

$XNYUSDT 1H timeframe high-level sideways consolidation, 4H Bollinger Bands just broke above the middle band, price is stuck around 0.0066. Buy orders below 0.0066 have accumulated over 500,000 USDT worth of open orders, clearly indicating support from funds. The 1-hour MACD fast and slow lines are converging, bullish momentum slightly wanes, but the price refuses to dip sharply, a typical strong consolidation.

🎯Direction: Long

⚡Entry/Order: Layered entries in the 0.00611 - 0.00626 range

🛑Stop Loss: 0.00589

🚀Target 1: 0.00774

🚀Target 2: 0.00847

🛡️Trade Management:
- Execution Strategy: After the price reaches the first target, reduce half of the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.0063 and falls below the entry average again, exit unconditionally.

Open interest remains high after a surge, funding rate has turned positive but not exaggerated, indicating this is more of a healthy chip rotation rather than pure rate-driven pump. The 1-hour RSI has fallen back from above 70 to around 65, leaving room for another upward push. Selling pressure begins to build around 0.0067, initial touches will face selling pressure, but once volume breaks through, the short squeeze will accelerate. Current risk-reward ratio exceeds 4, making it worthwhile to take a small stop loss to chase the main upward wave.

View real-time market 👇 $XNY
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