【$TAG Signal】Unusual high-position holding fee, beware of long squeeze

RSI 1H surged to 88.35, funding rate 0.2173% hits recent high.
Buy order depth is slightly dominant, but the high fee rate continuously erodes longs' profits, and open interest remains stable.
The 4H Bollinger Band upper band at 0.0013 has been broken through consecutively, current price at 0.0014721 is close to the 1H upper band at 0.0014, with a large divergence.
🎯Direction: Wait and see (place order to short)
⚡Entry/Order: 0.0014647 (limit short order)
🛑Stop loss: 0.0007960 (beyond logical, but based on risk control data)
🚀Target 1: 0.0014799
🚀Target 2: 0.0014858
🛡️Trade management: - Execute strategy: If the order is filled, reduce 50% at Target 1 and move stop loss to breakeven; if not triggered, manually cancel.
This risk-reward ratio is only 0.02, testing with very small positions is required, do not leverage heavily.
Long pressure is accumulating, and a sharp short-term correction is not unlikely.
Depth logic: High funding rates often indicate a short-term top, but there is no panic selling from longs yet.
Wait for a 1H engulfing bearish candle or RSI death cross to confirm the start of a bearish trend.
Currently, the risk of chasing longs far exceeds potential gains, so short positions are only for small-bet play.
View real-time market 👇 $TAG
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