【$GPS Signal】Short squeeze rebound, sniper long position

$GPS 1H timeframe surges then pulls back, RSI skyrockets to 82.6, buying pressure breaks. The 4H Bollinger Bands just opened, price breaks above the upper band, MACD on both cycles expanding, but 1-hour volume can't keep up with the new high in price. Negative funding rate -0.04%, bears are still paying costs, yet the price remains firm, a typical short squeeze structure.

🎯Direction: Pullback to go long

⚡Entry/Order: Between 0.009118 - 0.010409, wait for price to pull back near 0.0096, in the EMA20 and middle Bollinger Band support zone, look for buying interest to reappear before entering.

🛑Stop loss: 0.008656

🚀Target 1: 0.010042

🚀Target 2: 0.010503

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

Order book depth imbalance at 3.48%, sell orders are thin, slight buying can push the price higher. Open interest remains stable, not purely profit-taking by longs. Under negative funding rates, the strong price often signals further squeezing of shorts. Risk-reward ratio is appropriate; key is patience in entry points to avoid chasing at emotional highs.

Check real-time market 👇 $GPS
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