【$PRL Signal】Negative funding rate support, pullback to add long positions

Funding rate -0.4735%, bears continue to subsidize bulls, but 1H MACD bars have shrunk to 0.0001, indicating obvious signs of momentum exhaustion.
4H Bollinger upper band at 0.3663, the price still has 4% room to reach the upper band, with dense buy orders around 0.3400 below.
Current price is 0.3513, short-term bulls and bears are fiercely contesting, and from the 1H perspective, no divergence at the top has appeared.
Negative funding rate means short covering risk still exists.

🎯Direction: Long (pullback pending order)
⚡Entry/Order: 0.3400 - 0.3430 (retracement to 1H EMA20 support zone)
🛑Stop loss: 0.2424 (risk control data stop loss)
🚀Target 1: 0.3516
🚀Target 2: 0.3531
🛡️Trade management: - Execute strategy: after reaching Target 1, reduce position by 50%, move stop loss up to entry price.
If the price falls back to the entry level, automatically exit.

Depth logic: 4H trading volume has significantly shrunk in the last two candles, indicating that capital contest is leaning towards stock turnover.
If the negative funding rate persists, short covering will push the price higher.
However, the daily RSI at 81.28 indicates overbought conditions, limiting upward space, so strictly place orders within the range and avoid chasing highs.
Objectively, support below 0.34 is strong enough, and although the risk-reward ratio is low, the probability of success is relatively high.

Check real-time market 👇 $PRL
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