$ORCA Signal】Long position with negative funding rate short squeeze


$ORCA Funding rate -0.38%, short positions' cost basis accumulating, 4H MACD bullish volume bars continuously expanding.
1H Bollinger upper band at 1.673 facing resistance, buying depth imbalance at 12.36%, there are manual orders at 1.636 to support the price below.
Current price is 1.644, short-term high-level oscillation, but many shorts remain unliquidated; once breaking above the upper band, the speed will increase.
🎯Direction: Long
⚡Entry/Order: 1.636
🛑Stop loss: 1.195
🚀Target 1: 1.788
🚀Target 2: 1.986
🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to breakeven at 1.64.
If the price falls back below the entry level at 1.636, automatically exit to protect capital.
Negative funding rate continues to exert downward pressure, but trading volume shrinks, and bulls and bears are in a tense battle.
Place orders to wait for a pullback to 1.636 to go long, with a risk-reward ratio of about 1:4, worth the gamble.
Check real-time market 👇 $ORCA
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
#WCTC交易王PK #加密市场小幅下跌 #Polymarket每日热点
ORCA-3.64%
BTC-0.78%
ETH0.06%
SOL-1.02%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments