【$BERA Signal】No Position + Overbought Cooling After Short Squeeze

$BERA After a violent short squeeze rally of over 30% on the 4H timeframe, the market is consolidating at high levels. RSI has reached 77.81, indicating a severe overbought condition, but the funding rate is -0.0667%, which is negative, and open interest remains stable. This is a typical sign of a short squeeze rather than a healthy bullish trend. Currently, the depth imbalance is -13.42%, with sell walls significantly thicker than buy walls, showing heavy selling pressure above. The price has moved far away from the EMA20 (0.5097), lacking effective support for a pullback. Entering a long position now carries very high risk.

🎯 Direction: No Position (NoPosition)

Logical Analysis: The current market is a typical aftermath of a short squeeze. Negative funding rate + stable open interest + sharp price increase are results of forced short covering, not new bullish momentum. RSI is extremely overbought, but conditions for shorting are not met (funding rate not positive, open interest not decreasing). The order book shows dense sell walls above 0.657, making a breakout difficult.

Strategy: Avoid FOMO chasing. Wait for a healthy correction, ideally a pullback to the previous breakout level (around 0.59-0.60) or near the EMA20, and observe decreasing volume and RSI returning to neutral (around 50). Then reassess bullish opportunities. Currently, this is a high-risk zone with unfavorable risk-reward ratio. Staying on the sidelines is the best choice.

Trade here 👇 $BERA

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