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【$DRIFT Signal】Long + 4H Momentum Continuation, Negative Funding Rate Short Squeeze Opportunity
$DRIFT 4H Bollinger Band Upper Band 0.0333 pierced, price consolidating around 0.0335 in a narrow range. 1H MACD histogram continues to shrink, indicating weakening buying momentum, but funding rate at -0.0317% remains negative, indicating ongoing short paying. Order book depth Bid/Ask Ratio 1.12, with dense orders below, quick absorption of selling pressure. Bulls' defense line is solid, enter immediately at current price for a sniper shot.
🎯Direction: Long
⚡Entry/Order: 0.0334095 - 0.0335100
🛑Stop Loss: 0.0331749
🚀Target 1: 0.0340126
🚀Target 2: 0.0342640
🛡️Trade Management:
- Execution Strategy: Reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back to entry level, automatically exit to protect principal.
RSI 1H at 67.9, not yet in extreme overbought zone; 4H RSI at 70.68 also not overheated, still room to go higher. Stable open interest indicates no large-scale liquidation, and the passive beating of shorts may accelerate the rally. Risk-reward ratio 1.5, favoring bulls.
Check real-time market 👇 $DRIFT
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