【$EDGE Signal】Short squeeze setup, pull back to go long

$EDGE The 4-hour chart price has broken out above the upper Bollinger Band, MACD histogram continues to expand, open interest remains high, and funding rates are mild. The 1-hour order book depth is 1.85 times that of the sell side, with a thick order wall around 0.654, indicating clear signs of active capital support.

🎯Direction: Long

⚡Entry/Order: Buy in stages on pullbacks around 0.598 - 0.614

🛑Stop loss: Below 0.585

🚀Target 1: 0.729

🚀Target 2: 0.787

🛡️Trading management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect capital.

Current order book depth is nearly 30% imbalanced, with strong willingness to support lower levels. Open interest has not decreased significantly after a sharp price rise, indicating good locking of long positions and not just a pump-and-dump. The 1-hour RSI is around 62, showing healthy consolidation and preparing for a second upward move. This structure, with sustained open interest and price, combined with positive funding rates, suggests short squeeze potential. The risk-reward ratio is close to 4, making it worthwhile to use a smaller position to bet on trend continuation.

View real-time market 👇 $EDGE
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