【$XEC Signal】1H short squeeze continues, bearish funding rate -1.2%

$XEC RSI surges to 96.48, but sell order depth is 21% higher. The 1H Bollinger Band upper band at 0.0097 has just been pierced, with a funding rate of -1.205%, an extremely negative value. Buy orders keep pushing up, forcing short positions to endure.
🎯Direction: Long
⚡Entry/Order: 0.00971
🛑Stop loss: 0.00756
🚀Target 1: 0.00979
🚀Target 2: 0.00983
🛡️Trade management: - Execute strategy: reduce 50% of the position after reaching Target 1, and move the stop loss up to 0.00971. If the price falls back to the entry level, automatically exit to protect capital.
4H MACD histogram is still expanding, bullish momentum has not exhausted. But RSI is at an extreme high, with a risk-reward ratio of only 0.04, not suitable for heavy positions.
View real-time market 👇 $XEC
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