$MINA has experienced a significant rebound at a key support level after a continuous decline, forming a bullish engulfing pattern. Combined with negative funding rates and stable open interest, this appears more like a short squeeze rather than a simple rebound.
🎯 Direction: Go long
🎯 Entry: 0.0655 - 0.0660
🛑 Stop Loss: 0.0625 (Rigid Stop Loss)
🚀 Target 1: 0.0700
🚀 Target 2: 0.0735
Logic Hard-Core: The 4-hour chart shows that the price has formed a solid demand zone in the 0.0625-0.0629 range, with the last candlestick accompanied by a huge volume (44.46 million) strongly rising, and the buy/sell ratio rising to 0.58, confirming that buying is dominant. Although the overall buy/sell ratio data is relatively weak, there has been a surge in Taker buy orders at critical levels, combined with short positions under negative rates, forming a typical short squeeze structure. The order book shows that there is dense buying accumulated below 0.066, while selling pressure above (0.067 and above) is relatively dispersed, providing space for price upward movement. Market logic suggests a high possibility of a 'short squeeze', indicating that this rebound has a basis for sustainability.
Trade here 👇$MINA
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