【$ZORA Signal】1H Break above upper band + negative funding rate short squeeze, bulls continue rallying

$ZORA 1H Bollinger upper band just broken at 0.0122, RSI soared to 78.5 but MACD bars are still expanding, funding rate at -0.1169% remains flat, open interest stable, buy depth ratio of 1.05 indicates support below is not weak.
4H MACD bull_expanding, bullish trend not exhausted.
Current price 0.01229 has entered the suggested zone, floating positions have not shown panic selling.
🎯Direction: long
⚡Entry/Order: 0.0122531 - 0.0122900
🛑Stop loss: 0.0121671
🚀Target 1: 0.0124744
🚀Target 2: 0.0125665
🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move stop loss to break-even.
If price falls back into the entry zone, automatically exit to protect principal.
Order book depth shows slightly thicker sell orders, but negative funding rate + firm price often lead to a short squeeze.
1H RSI at high level may trigger short-term profit-taking, but as long as it does not break below EMA20 (0.0109), the bullish structure remains intact.
This game offers a decent risk-reward ratio, with tight stop loss and 1.5 profit/loss ratio.
Check real-time market 👇 $ZORA
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