$SIGN 1H level is experiencing a strong consolidation after a massive surge. The 4H level has formed an epic bullish candle, completely reversing the downtrend. The current price is consolidating around 0.0303, with the 1H RSI(71.82) slightly high but not overbought, indicating a strong correction phase. The key points are: negative funding rate(-0.22%), stable OI, and firm price action. This is a typical short squeeze retracement structure; the main force has not exited the market and is waiting for a second ignition.
🎯Direction: Long (Long) ⚡Entry/Order: 0.0300 - 0.0305 (Enter near the current price) 🛑Stop Loss: 0.0288 🚀Target 1: 0.0328 🚀Target 2: 0.0350 🛡️Trade Management: - Position suggestion: Light position - Execution strategy: Use scaled take profits. Close 50% at Target 1, and move the remaining stop loss up to the entry price of 0.0305. Hold the remaining position for Target 2; if the price falls 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 massive volume, which is a clear signal of main capital entering. Although the current buy depth slightly favors buyers (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 forced to pay fees; once the price re-accelerates, it can easily trigger a chain short squeeze. The current sideways consolidation is the last opportunity for latecomers to jump in. View real-time market 👇#Gate广场发帖领五万美金红包 $SIGN
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$SIGN 1H level is experiencing a strong consolidation after a massive surge. The 4H level has formed an epic bullish candle, completely reversing the downtrend. The current price is consolidating around 0.0303, with the 1H RSI(71.82) slightly high but not overbought, indicating a strong correction phase. The key points are: negative funding rate(-0.22%), stable OI, and firm price action. This is a typical short squeeze retracement structure; the main force has not exited the market and is waiting for a second ignition.
🎯Direction: Long (Long)
⚡Entry/Order: 0.0300 - 0.0305 (Enter near the current price)
🛑Stop Loss: 0.0288
🚀Target 1: 0.0328
🚀Target 2: 0.0350
🛡️Trade Management:
- Position suggestion: Light position
- Execution strategy: Use scaled take profits. Close 50% at Target 1, and move the remaining stop loss up to the entry price of 0.0305. Hold the remaining position for Target 2; if the price falls 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 massive volume, which is a clear signal of main capital entering. Although the current buy depth slightly favors buyers (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 forced to pay fees; once the price re-accelerates, it can easily trigger a chain short squeeze. The current sideways consolidation is the last opportunity for latecomers to jump in.
View real-time market 👇#Gate广场发帖领五万美金红包 $SIGN