【$IO Signal】Pullback with multiple callbacks, negative funding rate expected to squeeze shorts

$IO Funding rate -0.7393%, severe short accumulation, but 1H MACD histogram shrinks to 0.0061, indicating weakening upward momentum. The 4H Bollinger upper band at 0.1708 has been pierced and is now pulling back, currently at 0.1751 near the upper boundary of the range. The buy order depth of 1.23 shows support below, but the risk-reward ratio is no longer favorable.
🎯Direction: Long (pullback limit order)
⚡Entry/Limit order: 0.1327 - 0.1450 (recommended near the lower limit of the range, wait for 1H signs of stabilization)
🛑Stop loss: 0.1243
🚀Target 1: 0.1750
🚀Target 2: 0.1757
🛡️Trade management:
- Execution strategy: Reduce 50% of position after reaching Target 1, move stop loss to break-even. If price falls back into the entry zone, automatically exit.
Order book logic: Negative funding rate combined with stable open interest, shorts have not exited, and if support at the key level (4H EMA50 at 0.1249) is held, the short squeeze could restart. Currently, the risk of chasing longs outweighs potential gains; placing low-limit orders offers better safety margins.
View real-time market 👇 $IO
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