【$MIRA Signal】Pullback to Long + Short Squeeze Rebound Play

$MIRA The 1H timeframe has experienced a massive rally and is now strongly correcting. The price is supported above the 4H EMA20 (0.0898), forming a high-level consolidation platform. Currently, the negative funding rate (-0.1635%) and stable open interest (OI) indicate a short squeeze basis. The 1H RSI (69.4) has pulled back from the overbought zone, preparing for another upward push.

🎯Direction: Go Long (Long)

🎯Entry/Order: 0.1065 - 0.1075 (Reason: The Fibonacci retracement levels 0.382-0.5 of the previous 1H rally coincide with a dense buy zone )

🛑Stop Loss: 0.1038 (Reason: Break below the bottom of the 4H bullish candle and ATR (0.006) lower band support )

🚀Target 1: 0.1180 (Reason: Previous high resistance level, also a previous 1H high point )

🚀Target 2: 0.1250 (Reason: Based on the recent rally wave height and Fibonacci extension 1.272 )

🛡️Trading Management:

- Position Size: Light (Reason: 24-hour volatility is extremely high, indicating a high-risk game )

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Use the remaining position to aim for Target 2. If there is stagnation or bearish divergence on the 1H timeframe near Target 1, exit all positions.

Deep Logic: The order book shows unusually thick buy depth in the 0.106-0.107 range, indicating main force support. Although the latest 1H candle closed lower and the buy ratio (0.47) is relatively low, the open interest remains stable, suggesting that short sellers have not exited en masse. The short squeeze risk persists in a negative funding rate environment. The 1H EMA20 (0.0935) is a short-term strength/weakness boundary. As long as the price stays above it, the rebound structure remains intact. The current strategy is to play for a second rally after the correction ends.

View real-time market 👇 $MIRA

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