【$AXL Signal】Negative funding rate + breaking above the upper band, a short squeeze pattern is emerging

RSI 73.6, funding rate -0.1966%, preliminary conditions for a short squeeze are forming. The 4H Bollinger upper band at 0.0878 has been pierced, current price at 0.08863 stands above it, the 1H MACD histogram is shrinking, short-term upward momentum is weakening, but the depth indicator at 1.60 shows strong buying support. In the battle between bulls and bears, bears should be cautious of the risks associated with negative funding rate accumulation.
🎯Direction: Long (buy on pullback or confirmed breakout)
⚡Entry/Order: 0.08495 - 0.08819 (recommend near the lower end of the range for entry)
🛑Stop Loss: 0.06786
🚀Target 1: 0.09033
🚀Target 2: 0.09782
🛡️Trade Management: - Execution strategy: After reaching Target 1, reduce position by 50%, and move the stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect capital.
Depth logic: OI trend is stable, negative funding rate has not been repaired, short positions' cost continues to rise. If the price stays above 0.085, the probability of short-term squeezing is relatively high. However, RSI is approaching overbought territory, so chasing longs directly offers poor risk-reward. A safer approach is to wait for a 1H pullback to around the EMA20 (about 0.0849) before entering.
Check real-time market 👇 $AXL
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