【$XNY Signal】Short squeeze pullback, secondary upward attack

$XNY 1H level surge followed by pullback, 4H Bollinger upper band briefly pierced at 0.0073, current price 0.007254 tightly hugging the band. The 1H MACD shows an initial red bar, indicating slight contraction of bullish momentum, but the 4H MACD remains above zero line with a golden cross.
Order book buy depth advantage at 7.68%, funding rate at 0.0257% shows bullish sentiment still present but not extreme.

Price consolidates above 0.0072, digesting the massive surge earlier. The 1H EMA20 at 0.0068 forms the first line of defense, with a stronger support zone at 0.0063 EMA50 below. The current risk-reward ratio isn't optimal, but if the pullback confirms support, there is still potential for a second upward push.

🎯Direction: Pullback to go long

⚡Entry: 0.006313 - 0.007218 range bottom lurking

🛑Stop loss: 0.005771

🚀Target 1: 0.007396

🚀Target 2: 0.007937

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

The massive volume spike on the 1-hour candle at dawn reached 134 million, directly reversing the short-term downtrend, but subsequent candles showed shrinking volume, indicating that chasing higher is temporarily on hold. Open interest remains stable, with no significant decline caused by profit-taking, leaving room for another push after the pullback.
Combined with positive funding rate, the market is still paying for holding long positions, with shorts in a passive state.
Key area to watch is whether the 0.0070-0.0072 zone can hold; if it does, the next target is near the previous high of 0.0078.

Check real-time market 👇 $XNY
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