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【$TAG Signal】Short squeeze buildup, pullback to go long
$TAG 1H timeframe is strongly consolidating above 0.00070, with heavy buy orders around 0.0007013, exceeding 1.2 million U in intent. The 4H Bollinger Bands are opening upward, and the price remains firmly above the middle band. MACD histogram is shrinking but the trend remains unchanged.
🎯Direction: Long
⚡Entry: Buy in stages on pullbacks between 0.0006790 - 0.0006986
🛑Stop Loss: 0.0006000
🚀Target 1: 0.0009377
🚀Target 2: 0.0010584
🛡️Trade Management: - Execute strategy: halve position at Target 1, move remaining stop loss up to entry price. If the price cannot stay above 0.0006986, exit proactively and observe.
Position remains high, funding rate is positive but not extreme, and bears still have room to be squeezed. The 1-hour RSI is healthy around 60 with a pullback, showing no signs of exhaustion. There is a resistance wall of 1.75 million U above 0.0007035, and a breakout here will accelerate. The current risk-reward ratio exceeds 2.4, making it a good value trade.
View real-time market 👇 $TAG
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