【$MANTRA Signal】Pullback Long Entry + Short Squeeze Expectation

$MANTRA 1H timeframe is currently in a high-level consolidation after a sharp surge, with the price receiving initial support above the 4H EMA20. Despite the short-term rally being significant, the high negative funding rate of -0.3869% and stable open interest indicate that the bears are still stubbornly resisting, with potential for a short squeeze. The current price has retraced from the high and entered an entry zone, presenting an opportunity for aggressive counter-trend trading.

🎯Direction: Long

⚡Entry/Order: 0.02206 - 0.02228

🛑Stop Loss: 0.02150

🚀Target 1: 0.02400

🚀Target 2: 0.02600

🛡️Trade Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to the entry price. Hold the remaining position to aim for Target 2. If the price strongly breaks above the previous high of 0.02678, consider holding further.

(Depth Logic: Market depth data shows significant buy-side support below, with dense support levels. In a negative funding rate environment, the price has not fallen sharply, indicating strong bullish absorption. Once market sentiment warms up or new buy orders appear, it can easily trigger a short squeeze, rapidly pushing the price higher. The current pullback is a typical healthy correction structure for a strong coin. )

View real-time quotes 👇 $MANTRA

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