【$XNY Signal】Short squeeze pullback, second charge

$XNY The 4H timeframe price has broken above the upper Bollinger Band, RSI at 71.57 entering overbought territory, but funding rate is as high as 0.1155%, and open interest remains stable. This false signal suggests that chasing longs at high levels has a poor risk-reward ratio.

🎯Direction: Watch (wait for pullback to go long)

⚡Entry/Order: 0.003908 - 0.003950 zone for ambush

🛑Stop loss: 0.003877

🚀Target 1: 0.003970

🚀Target 2: 0.004002

🛡️Trade management:
- Execution strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back into the entry zone, exit automatically to protect principal.

The 4H MACD histogram is still expanding, but buying momentum shows signs of fatigue in the latest 4-hour candle, with volume significantly shrinking compared to the previous massive volume candle. In a high-fee environment, if the price can stabilize above 0.0039, it indicates strong bullish support and signals the start of a second charge. Currently, patience is key—waiting for a pullback to confirm support is more advantageous than chasing highs.

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