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【$MOVE Signal】Long + Negative Funding Rate Short Squeeze
$MOVE Funding Rate -1.15%, Short positions are accumulating heavily. The 4H MACD histogram continues to expand, the upper band of Bollinger Bands briefly pierced at 0.0153 before pulling back. The 1H RSI is at 58, buying pressure has not dissipated due to the rebound, and selling pressure is quickly absorbed. The current price consolidates around 0.0151, with solid support below.
🎯Direction: Long
⚡Entry/Order: 0.0151345 - 0.0151800
🛑Stop Loss: 0.0150282
🚀Target 1: 0.0154077
🚀Target 2: 0.0155216
🛡️Trade Management: After reaching Target 1, reduce position by 50%, and move stop loss to break-even. If the price falls back into the entry zone, automatically exit.
Depth logic: Negative funding rate indicates extremely high costs for short positions. Once the price stabilizes, short squeeze pressure can erupt at any time. Stable open interest suggests no large-scale liquidations, and long traders remain in the market. Based on real trading experience, such negative funding rate structures often accompany rapid rallies. Narrowing the stop loss below 0.015 is a reasonable choice.
View real-time market 👇 $MOVE
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