$IO Signal: Short squeeze initiated, 1H upward continuation


$IO Funding rate -0.0501%, sellers adding positions but unable to suppress the price. 1H RSI 70.6 but MACD histogram narrows, short-term momentum slightly pauses. Buy depth 0.86, selling pressure around 0.1625 is quickly absorbed. 4H Bollinger upper band 0.1596 has been broken, the gap is widening.

🎯Direction: Long

⚡Entry/Order: 0.16251 - 0.16300

🛑Stop loss: 0.16137

🚀Target 1: 0.16545

🚀Target 2: 0.16667

🛡️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 into the entry zone, automatically exit to protect capital.
Negative funding rate combined with price stabilization may relieve short covering pressure, potentially becoming a bullish catalyst. Risk-reward ratio 1.5, worth betting.
Check real-time market 👇 $IO
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