【$PORTAL Signal】Short squeeze pullback, long positions hidden

$PORTAL 1H level RSI surges to 80.32, buying pressure extremely crowded. 4H Bollinger upper band is strongly topped out, MACD double cycle shows bullish divergence. But funding rate is -0.1445%, short positions have high holding costs, order book buy depth exceeds sell by 8.45%, clear intention to support lower levels. Under this structure, the first deep pullback after a sharp rise is an excellent opportunity.

🎯Direction: Pull back to go long

⚡Entry/Order: Within the 0.01242 - 0.01687 range, actively buy when price pulls back near 0.0140.

🛑Stop loss: 0.01085

🚀Target 1: 0.01705

🚀Target 2: 0.01712

🛡️Trade management:
- Execution strategy: After price reaches 0.01705, reduce half of the position, move the remaining stop loss up to the entry price. If price cannot hold above 0.0160, consider exiting early.

Negative funding rate combined with strong sideways price action, a typical short squeeze fuel. 1-hour volume after the rally has not sharply decreased, indicating sufficient turnover and not a pure one-wave move. 4-hour EMA20 has crossed above EMA50 to form a golden cross support, current price is too far from the moving averages, waiting for it to revert offers a better risk-reward ratio. Order book buy orders are thick enough, downward movement will encounter sustained resistance.

Check real-time quotes 👇 $PORTAL
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