【$SIGN Signal】Short squeeze pullback, aiming for a second upward move

$SIGN 1H timeframe has experienced a massive rally and is now consolidating strongly at high levels. The 4H timeframe has formed an epic bullish candle, completely reversing the downtrend. Currently, the price is ranging around 0.0303, with the 1H RSI(71.82). Although somewhat high, it has not become dull, indicating a strong correction phase. The key points are: negative funding rate(-0.22%), stable OI, and firm price support. This is a typical pullback structure after a short squeeze, with the main force not having exited, waiting for a second ignition.

🎯Direction: Long (Long)

⚡Entry/Order: 0.0300 - 0.0305 (Enter near the current price directly)

🛑Stop loss: 0.0288

🚀Target 1: 0.0328

🚀Target 2: 0.0350

🛡️Trade management:
- Position size suggestion: Light position
- Execution strategy: Use scaled profit-taking. After reaching Target 1, close 50%, and move the remaining stop loss up to the entry price of 0.0305. Hold the remaining position for Target 2. If the price breaks below the trailing stop, exit unconditionally.

Deep logic: Over the past 4 hours, the price surged from 0.0217 to 0.0315, a rise of over 45%, accompanied by record-breaking volume, which is a clear signal of main capital entering. Although the current buy depth slightly favors (bid_ask_ratio_depth: 1.19), the selling pressure above is not heavy. The 1H EMA20(0.0255) has formed a golden cross with EMA50(0.0243) and provides strong support. The negative funding rate indicates that shorts are still being forced to pay fees. Once the price re-initiates, it can easily trigger a chain reaction of short squeezes. The current consolidation is the last opportunity for latecomers to jump in.

View real-time market 👇 $SIGN

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