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【$DRIFT Signal】Negative fee rate short squeeze, buying depth crushes the bears
$DRIFT Depth imbalance 19.91% buy orders actively eating up sell orders, -0.79% fee rate exposes heavy short positions trapped. 1H RSI 82.24, 4H RSI 86.60, overbought area but capital support is clear: bid/ask depth ratio 1.50, very thick support below. Trading volume has been increasing for three consecutive 4H bars, buy orders continuously pushing prices higher. Inertia-driven upward momentum rather than chasing high and pulling back.
🎯Direction: Long
⚡Entry/Order: 0.044366 - 0.044500
🛑Stop loss: 0.044055
🚀Target 1: 0.045167
🚀Target 2: 0.045501
🛡️Trade management: - Execute strategy: reduce 50% of position after reaching Target 1, and move stop loss to break-even. If price falls back into entry zone, automatically exit to protect principal.
If such high fee rates persist, closing shorts will push prices further and accelerate. Patience and wait for a dip to the support zone to place orders.
View real-time market 👇 $DRIFT
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