【$XNY Signal】Short squeeze pullback, sniper for a secondary push

$XNY 4H level MACD histogram continues to expand, price has already broken above the Bollinger upper band. 1H level buy depth is imbalanced at -12.65%, but RSI has fallen back from a high to 65.5, and the hourly chart shows a volume-contracted sideways movement. Under this structure, chasing the high directly carries significant risk, but after actively digesting profit-taking through a pullback, there is often inertia for a second upward move.

🎯Direction: Pull back to go long

⚡Entry/Order: Near the lower boundary of 0.005311 - 0.006377 range

🛑Stop loss: 0.004677

🚀Target 1: 0.006579

🚀Target 2: 0.007213

🛡️Trade management: - Execute strategy: after reaching Target 1, reduce position by 50%, and move stop loss to breakeven. If the price falls back into the entry zone, exit automatically to protect capital.

Funding rate is 0.5%, relatively high, indicating overheated bullish sentiment, which is also a reason to wait for a pullback rather than chase the high. The 1H EMA20 and EMA50 are golden crosses opening upward, providing a basic support framework. Currently, the price is trading outside the 4H Bollinger upper band, indicating strength but overbought conditions. The best opportunity is to wait for a pullback to the upper or middle band to confirm support. The order book lacks depth on the sell side, so once a pullback encounters buy orders, it can easily be pushed back up by buying pressure.

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