【$LAYER Signal】Negative funding rate short squeeze, but RSI overbought warns of a pullback

$LAYER Funding rate -2.0000%, OI stable but price hits new highs, clear short squeeze characteristics. 1H RSI 81.85, 4H RSI 92.83, in an extreme overbought zone. MACD 1H/4H bullish_expanding, but volume has already decreased—last 1H candle volume only 14.29 million, a sharp decline from the previous hour's 839 million. 4.31% depth imbalance, weak buying advantage. Current risk-reward ratio is not ideal, high risk in chasing gains.
🎯Direction: Long (place order waiting for depth pullback)
⚡Entry/Order: 0.09830
🛑Stop loss: 0.09104
🚀Target 1: 0.11280
🚀Target 2: 0.12006
🛡️Trade management: - Execute strategy: reduce 50% after reaching Target 1, and move stop loss to break-even. If price falls back into entry zone, automatically exit to protect principal.
Depth logic: Negative funding rate did not trigger a price pullback, but instead continued to rise, with bears on the back foot. However, the sharp drop in volume + extreme RSI values suggest diminishing buying momentum. Wait for a pullback to around the 4H EMA20 (0.0983) or lower 4H Bollinger middle band (0.0945) for confirmation before re-entering, aligning better with risk control.
Check real-time market 👇 $LAYER
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