【$MINA Signal】Short-term rebound trading, 1H breakout above EMA20, watch for short squeeze possibility

$MINA The 1H timeframe has formed a small double bottom around 0.0620, just broke above the 1H EMA20 (0.0627) with increased volume, indicating a short-term momentum reversal. The 4H timeframe is still in a downtrend, but the latest 4H candlestick closed bullish with buying volume rising to 0.5, showing a slowdown in downward momentum and a potential oversold rebound. In a negative funding rate environment, if the price can hold steady, it may trigger a short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0630 - 0.0633 (Reason: 1H breakout confirmed support area, EMA20 support )

🛑Stop loss: 0.0619 (Reason: Break below 1H double bottom neckline and previous low support )

🚀Target 1: 0.0648 (Reason: 4H resistance level from previous high )

🚀Target 2: 0.0660 (Reason: 4H EMA50 resistance and Fibonacci 0.382 retracement level )

🛡️Trading management:

- Position suggestion: Light position (Reason: 4H trend remains bearish, this is a counter-trend rebound )

- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. For the remaining position, look toward Target 2. If price stalls near Target 1, consider taking full profit.

Deep logic: Open interest (OI) remains stable, price declines but without triggering large-scale long liquidations, indicating resilience. The 1H RSI (52.48) has crossed above the 50 midline, showing increased buying strength. Market depth shows sell orders accumulating around 0.0632-0.0633; if a strong breakout occurs, resistance above is sparse, and a rebound could be expected. The key trading point is whether the 1H rebound can continue and challenge the 4H resistance.

View real-time market 👇 $MINA

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