【$IN Signal】Pullback to go long / Breakout to chase long, 1H level strong short squeeze

$IN 1H level RSI soared to 77, 4H level even surged to 93, buying pressure extremely crowded. But the price stubbornly stays at 0.0979, the upper band of the 4H Bollinger Bands is directly broken through, expanding upward. MACD across two cycles shows bullish divergence, 1-hour volume bars are still increasing. Market depth shows sell orders are 20% more than buy orders, but the price hasn't collapsed, a typical short squeeze structure.

This position is very risky to chase high directly, but abandoning it might miss the main upward wave. A more prudent strategy is to proceed in two steps: first, lightly buy around the current price 0.09734 to test the upward momentum; second, place a breakout buy order near 0.06814, waiting for a healthy pullback confirmation.

🎯Direction: Go long (in two steps)

⚡Entry/Order placement: Lightly buy around current price 0.09734 + place a breakout buy order at 0.06814

🛑Stop loss: Set below 0.06209 uniformly

🚀Target 1: 0.09785 (near previous high)

🚀Target 2: 0.09824 (extension of Bollinger upper band)

🛡️Trade management: - Execute strategy: After reaching Target 1, reduce position by 50%, move remaining stop loss up to entry price. If the order at the trigger price is hit, also halve the position at Target 1, close all at Target 2.

Funding rate turns positive but not high, open interest remains stable, indicating it's not purely driven by rate manipulation. The 1-hour candlestick shows continuous buying pressure, but the latest hourly volume suddenly drops, signs of a break in buy momentum, needing a pullback to test support below. The 4-hour EMA50 at 0.0704 resonates with the suggested entry at 0.06814, forming a support zone, which offers a better risk-reward ratio. The current risk-reward isn't perfect, but the lifecycle of Hot Coin depends on capital flow; as long as open interest remains, the story isn't over yet.

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