【$SPORTFUN Signal】1H strong short squeeze, chasing longs to continue pushing higher

$SPORTFUN On the 1H timeframe, a massive surge occurred in the early morning, with a gain of over 30%, breaking through all short-term moving averages and forming a strong short squeeze pattern. The 4H timeframe also shows volume breakout, indicating a trend reversal to bullish. Currently, the price is consolidating strongly around 0.0453, open interest remains stable, buy-side depth is dominant, and main capital is still in the market, suggesting short-term momentum has not faded.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0448 - 0.0452 (Reason: Near the lower boundary of the current strong consolidation zone, close to the dynamic support of the 1H EMA20 )

🛑Stop Loss: 0.0435 (Reason: Break below the massive bullish candle’s initiation point at 0.0431 and the previous low of the 1H structure, ATR-based stop loss )

🚀Target 1: 0.0480 (Reason: Resistance area at previous wave high )

🚀Target 2: 0.0510 (Reason: 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position suggestion: Light position (Reason: Daily gains are already significant, volatility is extremely high )

- Execution strategy: After entering, consider partial profit-taking if price quickly surges to around 0.0470. After reaching Target 1, reduce position by 50% and move stop loss to entry price. Remaining position aims for Target 2.

Depth logic: Over the past 4 hours, open interest remains stable at a high level of 31.77 million, and no signs of capital outflow after the big rally, which is typical of a short squeeze/main force support pattern. The 1H RSI is as high as 81.63, overbought but not exhausted, leaving room for further upside in a strong trend. Market depth shows bid volume far exceeds ask volume, with a depth imbalance of 4.55%, indicating strong support below. The funding rate of 0.0624% is positive but not extreme, so bulls still have fuel. Combining market logic suggests ‘price rising, main force entering or shorts being squeezed,’ currently leaning towards a short squeeze driven by main force.

Trade here 👇 $SPORTFUN

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