【$MANTA Signal】Long Position - Short Squeeze Market Initiation

$MANTA After a volume breakout above EMA20 on the 4H timeframe, the price is consolidating at high levels to digest profit-taking.

🎯Direction: Long

🎯Entry: 0.0815 - 0.0820

🛑Stop Loss: 0.0780 (Break below previous high support level, rigid stop loss)

🚀Target 1: 0.0880

🚀Target 2: 0.0950

Market Analysis: Three consecutive volume-increasing bullish candles on the 4H chart, with the price surging from 0.0656 to 0.0826, a gain of over 25%. Key data reveals short squeeze logic: Funding rate at -0.1206% indicates a deep negative value, but open interest remains stable, showing that short positions are being built up massively without exiting. Additionally, bid depth is significantly thicker than ask depth, with an imbalance of 11.73%, indicating strong buying support below.

Hardcore Logic: This is not just a simple chase. The price has stabilized above EMA20(0.0703) and moved away, confirming a trend reversal. Although RSI(76) is high, combined with negative funding rates and stable open interest, this is a typical early-stage short squeeze characteristic rather than a top signal. Major players attract shorts with negative rates and then violently push the price higher, with short covering further driving up the price. The entry point is at the first pullback support zone after breakout (former high turned support), offering a favorable risk-reward ratio.

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