【$CFG Signal】Funding rate negative +4H breakout, waiting for a pullback to go long

$CFG Funding rate -0.0382%, OI stable, selling pressure ratio rose to 0.43 in the last 1H candle. The 4H price has broken through the Bollinger upper band at 0.2907, MACD histogram is still expanding. The 1H RSI is 60.97, not yet in overbought territory, but MACD bullish momentum is shrinking. Current risk-reward ratio is less than 0.08, directly chasing longs offers very low cost-effectiveness.
🎯Direction: Wait and see (rebound long order)
⚡Entry/Order: 0.2919 (recommended entry zone upper limit, can enter if price pulls back near this level)
🛑Stop loss: 0.2713
🚀Target 1: 0.2935
🚀Target 2: 0.2947
🛡️Trade management: - Execute strategy: after reaching Target 1, reduce position by 50%, and move stop loss to break-even. If price falls back to entry level, exit automatically to protect principal.
1H selling volume increases but price does not drop sharply, and strong support from buyers below (Bid/Ask Ratio 1.10). If price pulls back to 0.2919 and stabilizes, it can be seen as a continuation signal for the bulls; if it breaks below 0.2871, short-term momentum weakens, waiting for lower pending orders. Negative funding rate combined with stable OI suggests a short squeeze expectation, but patience is needed for a better entry point.
Check real-time market 👇 $CFG
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