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【$SPELL Signal】Short positions are collapsing, funding rate -2%, short squeeze imminent
$SPELL Funding rate -2.0%, shorts are pressing but price remains firm, OI hasn't decreased, 1H MACD divergence not yet formed, longs are actively attacking.
🎯Direction: Long
⚡Entry/Limit order: 0.000109136 - 0.000109300
🛑Stop Loss: 0.000108207
🚀Target 1: 0.000110939
🚀Target 2: 0.000111759
🛡️Trade Management: - Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to breakeven. If price falls back to entry point, exit automatically to protect principal.
Bid side order book depth shows clear advantage, RSI 4H at 79 high but not overbought, risk-reward ratio is acceptable.
View real-time quotes 👇 $SPELL
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