【$SPELL Signal】Bullish breakout + negative funding rate short squeeze

$SPELL RSI 4H surged to 78.9, funding rate -2.0%, shorts crowded. 1H MACD expanding continuously, Bollinger Bands upper band opening. 4H broke above previous high 0.000104 with volume, buyers actively pushing price. Under negative funding rate, shorts are passive, OI stable, short-term short squeeze momentum not fully released. RSI high but momentum not exhausted, risk-reward ratio 1.5 acceptable.
🎯Direction: long
⚡Entry/Pending order: 0.000109036 - 0.000109200
🛑Stop loss: 0.000108108
🚀Target 1: 0.000110838
🚀Target 2: 0.000111657
🛡️Trade management:
- Execution strategy: After reaching target 1, reduce position by 50% and move stop loss to breakeven. If price falls back to entry, exit automatically to protect principal.
(Deep logic: OI stabilizing, shorts haven't closed significantly, negative funding rate persists indicating continued squeeze. MACD histogram 1H still expanding, 4H golden cross opening. Order book depth Bid/Ask 1.02, balanced but with thick orders. RSI 78.9 requires caution for short-term pullback, but 1H RSI no divergence, after multiple pulses still able to refresh highs. If it quickly surges to target 1 then volume shrinks, move stop loss according to plan.)
View real-time quotes 👇 $SPELL
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