$0G After experiencing a violent short squeeze of over 25%, it has entered a consolidation phase at a high level, with significant signs of waning momentum.
🎯 Direction: Flat
Market Analysis: Following a massive bullish candle on the 4H chart, two consecutive K-line candles closed lower, and the buying power (Buy/Sell Ratio) has consistently remained below 0.5, indicating a depletion of the willingness to chase prices higher. The price has broken below the midpoint of the last bullish K-line (~0.69), confirming the interruption of upward momentum.
Hard Logic: This is a typical short squeeze market, driven primarily by a negative funding rate (-0.1444%) leading to a short squeeze, rather than active buying by the main players. Open Interest (OI) has flattened after a surge, showing no sustained inflow, indicating limited new long positions.
In-depth data reveals the truth: The order book is deeply unbalanced (-15.41%) and the buy-sell ratio (0.73) is bearish, with sell orders (Asks) significantly outweighing buy orders (Bids), resulting in heavy selling pressure above. The RSI (64.17) is not overbought, but the price has diverged from volume and OI, suggesting that the increase is unsustainable.
The current price (0.6596) is closely aligned with EMA20 (0.5773), but above it lies a dense trading area and trapped positions. In the absence of new long funds to drive the price, it is more likely to retrace to the key support below (0.61-0.62 area) to test buying strength. At this point, chasing long positions carries extremely high risk, as it falls into a tail risk scenario.
Risk Control Perspective: ATR is as high as 0.042, indicating extreme volatility, making stop-loss placement difficult. The risk-reward ratio does not meet the threshold of >1.5. The best strategy is to remain flat and observe, waiting for the market to make a clear choice at critical levels.
Trade here 👇$0G
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