【$DRIFT Signal】Long position, extreme negative funding rate + short squeeze trap

$DRIFT Funding rate -1.65%, short positions have very high costs, 1H Bollinger middle band at 0.0384 becomes a strong support zone below, MACD bullish momentum is waning but has not yet crossed over. The 4H Bollinger upper band at 0.0429 forms short-term resistance, but the order book buy depth is greater than 0.87, indicating quick absorption of selling pressure.
🎯Direction: Long
⚡Entry/Order: Directly target the current price range of 0.04062 - 0.04074
🛑Stop loss: 0.04033
🚀Target 1: 0.04135
🚀Target 2: 0.04166
🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move the stop loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.
From a trading perspective, although the short rate remains high, it hasn't broken through support. A rebound will trigger a concentrated liquidation. The 1H volume, after a spike at 12 o'clock, shows decreasing volume with a long lower shadow, indicating short-term panic has cleared. A risk-reward ratio of 1.5 is acceptable within Hot Coin.
Check real-time market 👇 $DRIFT
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