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【$TAG Signal】1H breakout + 4H bullish continuation, signs of short squeeze
$TAG RSI 75.22 upward slope, 4H MACD strong expansion, price breaks above Bollinger upper band at 0.0012. Depth -25.35% indicates selling pressure, but buy orders around 0.001253 continue to be absorbed.
🎯Direction: Long
⚡Entry/Order: 0.00124924 - 0.00125300
🛑Stop loss: 0.00124047
🚀Target 1: 0.00127180
🚀Target 2: 0.00128119
🛡️Trade management:
- Execution strategy: Reduce position by 50% after reaching Target 1, and move stop loss to break-even. If price falls back into the entry zone, exit automatically to protect capital.
Short-term funding rate 0.0537% is relatively high but not extreme, open interest stable, if price continues to rise, a short squeeze may be triggered. RSI at high levels shows overbought conditions as a sign of strength, risk-reward ratio of 1.5 is tight enough, with only 0.7% stop loss distance, worth trying.
Check real-time market 👇 $TAG
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