【$SPACE Signal】Short squeeze continues, 1H level strong consolidation, targeting a second pulse!

$SPACE The 1H timeframe has experienced a 58% violent surge and is now consolidating strongly at high levels. The current price is oscillating around 0.0108, with the 1H candlestick stabilizing above the EMA20 (0.0086), and the 4H timeframe has formed a clear V-shaped reversal pattern, indicating a strong trend. Open interest remains stable with no significant outflows, suggesting that main capital is still in the market. The order book shows selling pressure concentrated at 0.0108-0.01081. Once broken, upward space will be unlocked.

🎯Direction: Long (Long)

🎯Entry/Order: Enter near current price 0.010796 or chase long on a breakout above 0.010815 (Reason: Stabilize above 1H EMA20 support, break through dense sell pressure zone in the order book )

🛑Stop loss: 0.01035 (Reason: Break below the previous consolidation low on the 1H timeframe and the lower ATR band )

🚀Target 1: 0.0115 (Reason: Previous high resistance and 1.272 Fibonacci extension level )

🚀Target 2: 0.0122 (Reason: 1.618 Fibonacci extension level, corresponding to previous daily chart chip zone )

🛡️Trade management:

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

- Execution strategy: Use breakout chasing strategy. If entering at current price, reduce position by 50% after reaching Target 1, and move stop loss to entry price. Hold remaining position to aim for Target 2; if price retraces and breaks below the moving stop, exit decisively.

Deep logic: This is a typical short squeeze scenario. The 4H timeframe shows three consecutive volume-increasing bullish candles, with price rising from 0.0067 to 0.0108, while open interest remains stable (OI), indicating that it’s not just long liquidation but also new buying. Although the 1H RSI(83.36) is in overbought territory, it may remain subdued during a strong short squeeze. The order book depth imbalance (-3.46%) shows concentrated selling pressure; once absorbed by buyers, rapid upward movement is likely. The key risk is the extremely high RSI, so caution is needed for quick pullbacks. Therefore, keep positions light and strictly adhere to stop-loss rules.

Trade here 👇 $SPACE

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