【$MANTRA Signal】Long + 1H Level Short Squeeze Rebound

$MANTRA The 1H level has experienced a significant rally and is now consolidating at a high level, with the price supported around 0.0253. After a long bullish candle on the 4H level, it is consolidating at a high level, and the trend remains unchanged. Currently, the negative funding rate is as high as -0.3574%, and open interest remains stable. The price is holding firm, which is a typical short squeeze structure. The bears are paying a high cost, and once buying pressure continues to flow in, it could easily trigger a new round of short covering rally.

🎯Direction: Long

⚡Entry/Order: 0.02511 - 0.02536

🛑Stop Loss: 0.02430

🚀Target 1: 0.02680

🚀Target 2: 0.02850

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. Hold the remaining position to aim for Target 2. If the price pulls back and breaks below the moving stop loss, exit all positions.

(Depth Logic: Market depth data shows that buy orders around 0.0253 are very thick, forming a strong support. The market logic suggests that the price rise is accompanied by stable open interest, not just a simple short squeeze. It appears to be a short squeeze driven by major players defending the market. If the 1H level can hold above the current range, the upside space will be opened. )

View real-time market 👇 $MANTRA

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