【$PLUME Signal】1H Breakout and Retest Confirmation, Negative Funding Rate Short Squeeze Initiates

$PLUME On the 1-hour timeframe, after a massive rally, a healthy flag pattern is forming, with the price staying close to the 20-period EMA, indicating a strong retest. The 4-hour timeframe has broken through the previous consolidation zone with increased volume, signaling a bullish trend. Currently, the negative funding rate combined with stable open interest suggests that shorts are still paying fees, indicating potential for a short squeeze.

🎯Direction: Long

⚡Entry/Order: 0.0138 - 0.0140 (Near current price, retest confirmation )

🛑Stop Loss: 0.0134

🚀Target 1: 0.0148

🚀Target 2: 0.0155

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price of 0.0140. Hold the remaining position to aim for Target 2. If the price retests and falls below the moving stop loss, exit all positions to lock in profits.

Deep Logic: Over the past 4 hours, trading volume surged, indicating institutional capital entering the market. Although the 1-hour RSI is in the overbought zone, no bearish divergence has formed, and momentum remains strong. Order book data shows dense buy orders between 0.0139 and 0.0138, forming a solid support zone. Open interest has remained stable during the price increase, indicating genuine bullish buying rather than a false rally driven by short covering. The persistent negative funding rate continues to fuel the short squeeze.

View real-time market 👇 $PLUME

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