【$NIL Signal】Hold off on opening positions, wait for short squeeze exhaustion or healthy pullback

$NIL After a massive rally, the price enters a high-level consolidation, testing the EMA20 support. The current order book imbalance (0.18%) indicates slight selling pressure, but the funding rate is -0.1010% and open interest remains stable. This is a typical short squeeze market, and shorting against the trend is strictly prohibited.

However, the 4H RSI (62.88) shows momentum slowing down, with the latest candlestick buy ratio at only 48%, and the price has fallen more than 10% from the high of 0.0642, indicating weakening bullish momentum. The price needs a healthy pullback to digest floating positions; chasing longs at the current level offers poor risk-reward.

🎯Direction: No Position (NoPosition)

Key observation zone: If the price can healthy pull back to the previous breakout structure upper boundary at 0.0482-0.0495 (also near EMA20), accompanied by decreasing volume and RSI retreating to around 50, it will be a high-probability long entry opportunity. Conversely, if the price fails to hold above 0.0550 (the lower boundary of the current consolidation zone) and breaks down with increased volume, the short squeeze phase may be temporarily over.

Trade here 👇 $NIL

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