【$ME Signal】Long | Short squeeze in progress, deep imbalance support

$ME On the 4-hour chart, continuous volume increase of 38%, RSI overbought but funding rate at -2%, open interest stable, this is a typical short squeeze pattern, do not try to top-tick.

🎯Direction: Long

🎯Entry: 0.1790 - 0.1810

🛑Stop Loss: 0.1720 (Break below the previous 4-hour low and EMA20 support, rigid stop loss)

🚀Target 1: 0.1900

🚀Target 2: 0.2000

Market Analysis: Price strongly broke through and stabilized above EMA20/50, with continuous bullish volume on the 4-hour candles, indicating strong buying pressure. Key data reveals the essence of the short squeeze: the funding rate is deeply negative (-2%), but open interest (OI) remains stable, indicating shorts are being squeezed and not exiting in large numbers, with upward momentum intact.

Core logic: Order book depth shows significant imbalance, with bid thickness (Bids) accumulating at key levels (0.1800-0.1815), far exceeding sell pressure, a clear signal of institutions defending the price and accumulating positions at critical levels. After breaking through the previous daily consolidation zone (0.145-0.155), this area has turned into a strong support.

Currently, there is no top divergence, and ATR indicates expanding volatility, suggesting an acceleration phase of the trend. Strategy is to wait for a minor retracement to support zones (previous high transition point and dense buy zones ), then go long with the trend, with strict stop loss below the trend invalidation point.

Trade here 👇 $ME

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