$DRIFT Signal】Long · Short squeeze + 1H oversold correction

$DRIFT Funding rate -0.6122%, extreme negative value and stable open interest, high cost for short positions. 4H RSI at 73.41, high but MACD bullish histogram narrows, 1H RSI at 64.59 and MACD bearish divergence, price retraced from 0.0445 to 0.0418, deep buy-in at 0.91, dense orders below. The speed at which buying absorbs selling pressure determines the strength of the rebound.
🎯Direction: Long
⚡Entry/Order: 0.0417145 - 0.0418400
🛑Stop loss: 0.0397480
🚀Target 1: 0.0449780
🚀Target 2: 0.0465470
🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move stop loss to break-even. If the price falls back to the entry level, automatically exit to protect capital.
Depth logic: 1H Bollinger lower band at 0.0315 is far below the current price, but oversold correction space exists; 4H Bollinger middle band at 0.0326 provides strong support, current price is over 8% above this. Negative funding rate combined with stable open interest usually indicates short accumulation. If the price retraces without breaking 0.0397 (stop loss level), the probability of short squeeze activation is high.
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