【$MINA Signal】1H Breakout and Retest Confirmation, Light Position Betting on Short Squeeze Rebound

$MINA The 1H timeframe is strongly consolidating above the EMA20 (0.0683), recently forming a bullish engulfing pattern, confirming the retest of yesterday’s high has been completed. The 4H timeframe is holding above the EMA50 (0.0673), and the price has broken through the recent oscillation range upper boundary (0.0685), indicating an initial bullish structure. Negative funding rate (-0.0014%) combined with rising prices suggests potential for a short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0686 - 0.0688 (Reason: 1H EMA20 support zone, retest confirms effective breakout )

🛑Stop Loss: 0.0679 (Reason: Break below the 1H previous low and EMA50 support )

🚀Target 1: 0.0698 (Reason: 4H previous high resistance level )

🚀Target 2: 0.0712 (Reason: 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position Size: Light (Reason: Overall trend remains volatile; this is a short-term breakout play )

- Strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry point. Hold remaining position for Target 2. If price stalls around 0.0695, consider exiting early.

Deep Logic: Market depth shows buy orders significantly thicker than sell orders (depth imbalance -3.27%), with large order support concentrated around 0.0685-0.0686. Open interest remains stable, with no capital outflow during price rise, indicating healthy upward movement. 1H RSI (58.25) still has room to rise and has not entered overbought territory. Key is whether volume can stabilize above 0.0690, opening upward space.

Trade here 👇 $MINA

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