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【$DRIFT Signal】1H pullback confirmation + negative fee rate short squeeze
$DRIFT Funding rate -1.92%, an extremely negative value region historically. The 1H price quickly rebounds after pulling back to the EMA20 (0.0411), with dense buy orders (Bid/Ask depth ratio 1.10). The 4H Bollinger middle band at 0.0346 is far below the current price, maintaining an upward trend structure.
🎯Direction: long
⚡Entry/Order: 0.0411661 - 0.0412900
🛑Stop loss: 0.0408771
🚀Target 1: 0.0419093
🚀Target 2: 0.0422190
🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back to the entry level, automatically exit to protect capital.
Depth logic: OI remains stable and negative fee rate persists, increasing the pressure on short-term unrealized losses. The 1H RSI at 52.66 is in the middle range, and although the MACD histogram narrows, it remains positive, indicating bullish momentum has not exhausted. The previous rally from 0.0386 to 0.0476 with volume reduction is a healthy correction. The entry with this order has a risk-reward ratio of 1.5, making it worthwhile to execute.
View real-time market 👇 $DRIFT
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