【$UAI Signal】Short squeeze continues, 1H level consolidates strongly, targeting a second surge
$UAI The 1H level has entered a strong consolidation after a sharp rise, with the price staying close above EMA20(0.2606), refusing deep retracement. The 4H level confirms trend reversal with a large bullish candle, current open interest remains stable, funding rate is positive but not overheated, indicating that the short squeeze momentum is still present. The order book buy depth (0.298-0.300) is significantly thick, providing immediate support for the price.
🎯Direction: Long (Long)
🎯Entry/Orders: Enter in batches within the 0.2980 - 0.3020 range (Reason: 1H EMA20 dynamic support zone & dense buy orders in the order book )
🛑Stop loss: 0.2880 (Reason: Break below the 4H bullish candle start point at 0.2945 and ATR lower band )
🚀Target 1: 0.3180 (Reason: Break previous high, test the 1H Fibonacci 0.618 extension level )
🚀Target 2: 0.3350 (Reason: Previous wave high on the 4H level and 1.0 extension level )
🛡️Trading management:
- Position suggestion: Light position (Reason: Significant rally within the day, extremely high volatility )
- Execution strategy: Use staggered entries, average entry price around 0.300. After reaching Target 1, reduce position by 50%, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.305 and quickly breaks below 0.298, consider exiting early.
Depth logic: Over the past 4 hours, trading volume has surged significantly, and the price closed at a high level, a typical feature of major players accumulating before pushing higher. The 1H RSI(83.38) is high but not turning over, indicating a strong market. Open interest remains stable after the rally, showing bullish confidence persists. Key is whether the price can establish a new platform in the 0.298-0.302 zone; once stabilized, a second attack towards 0.318 is possible. The accumulation of buy orders below suggests that short stop-loss orders could become fuel for the next move.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
【$UAI Signal】Short squeeze continues, 1H level consolidates strongly, targeting a second surge
$UAI The 1H level has entered a strong consolidation after a sharp rise, with the price staying close above EMA20(0.2606), refusing deep retracement. The 4H level confirms trend reversal with a large bullish candle, current open interest remains stable, funding rate is positive but not overheated, indicating that the short squeeze momentum is still present. The order book buy depth (0.298-0.300) is significantly thick, providing immediate support for the price.
🎯Direction: Long (Long)
🎯Entry/Orders: Enter in batches within the 0.2980 - 0.3020 range (Reason: 1H EMA20 dynamic support zone & dense buy orders in the order book )
🛑Stop loss: 0.2880 (Reason: Break below the 4H bullish candle start point at 0.2945 and ATR lower band )
🚀Target 1: 0.3180 (Reason: Break previous high, test the 1H Fibonacci 0.618 extension level )
🚀Target 2: 0.3350 (Reason: Previous wave high on the 4H level and 1.0 extension level )
🛡️Trading management:
- Position suggestion: Light position (Reason: Significant rally within the day, extremely high volatility )
- Execution strategy: Use staggered entries, average entry price around 0.300. After reaching Target 1, reduce position by 50%, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.305 and quickly breaks below 0.298, consider exiting early.
Depth logic: Over the past 4 hours, trading volume has surged significantly, and the price closed at a high level, a typical feature of major players accumulating before pushing higher. The 1H RSI(83.38) is high but not turning over, indicating a strong market. Open interest remains stable after the rally, showing bullish confidence persists. Key is whether the price can establish a new platform in the 0.298-0.302 zone; once stabilized, a second attack towards 0.318 is possible. The accumulation of buy orders below suggests that short stop-loss orders could become fuel for the next move.
View real-time market 👇 $UAI
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
#我在Gate广场过新年 #加密市场反弹