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【$4 Signal】Pullback setup with multiple plans, funding rate hints at potential short squeeze
$4 4H RSI 78.11 at high level, dulled, 1H MACD shows a death cross with increasing volume, but buy depth is 1.44 times that of sell depth, funding rate at 0.0769% is high, short positions' cost is sharply rising.
🎯Direction: Long (place pullback order)
⚡Entry/Order: 0.012124
🛑Stop loss: 0.011045
🚀Target 1: 0.014695
🚀Target 2: 0.014754
🛡️Trade management: - Reduce 50% at Target 1, move stop loss to 0.012124 to break even. If price drops below 0.012124, automatically exit.
Chips concentrated in the 0.013-0.015 range, the 1H Bollinger middle band at 0.0143 has been broken, but 0.0121-0.0122 is the intersection of the 4H Bollinger lower band and EMA50, indicating clear support from funds.
Short-term high-frequency shorts are trapped; once the price stabilizes, the short covering push could lead to a rise.
The risk-reward ratio after entering on the pullback is about 2.4 times, making it a worthwhile gamble, but strict loss cut is necessary.
Check real-time market 👇 $4
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