$PROMPT Signal】Bearish momentum fading, pullback to set up for long entries


$PROMPT Negative fee rate -0.0062% + Open Interest stable, 1H MACD green bars continue to shorten, bearish selling pressure quickly absorbed. 4H Bollinger lower band at 0.0265 far below, current price at 0.0385 between EMA20 and EMA50, bulls and bears in a tense battle. The market is currently more inclined to wait for a lower confirmation of turnover rather than chasing short positions.
🎯Direction: Long (buy on pullback)
⚡Entry/Order: 0.0364 - 0.0375 staggered orders
🛑Stop loss: 0.0351
🚀Target 1: 0.0389
🚀Target 2: 0.0401
🛡️Trade management: - After placing the order, if the price quickly breaks below 0.0364 but does not trigger the stop loss, observe whether the 1H candle closes with increased volume and recovers; otherwise, manually exit. Reduce position by 50% at Target 1, move stop loss up to 0.0375. Hold remaining position towards Target 2.
Depth logic: 4H buy volume decreased from 0.51 to 0.47 then slightly rebounded to 0.52, funding rate remains negative but depth shows no drastic change, indicating increased short positions but no new lows in price, suggesting a potential short squeeze structure. Risk-reward ratio approximately 1:2.3, this trade is worth a try.
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PROMPT-0.13%
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