【$T Signal】Go long — negative funding-rate short squeeze + 1H Bollinger Band support

$T On the 4H Bollinger upper band at 0.0050, the 1H RSI is 66 in a high-range sideways move. The order book depth is relatively weak; Bid/Ask Ratio is 0.83, but the funding rate is -0.61%, increasing the cost for shorts to hold. OI is stable with no sign of any major position reduction. The price retraced to the 1H mid-band at 0.0047 and then rebounded; it’s currently nearing the pending order range.
🎯Direction: Go long
⚡Entry / Pending orders: 0.00492418 - 0.00493900
🛑Stop loss: 0.00488961
🚀Target 1: 0.00501308
🚀Target 2: 0.00505013
🛡️ Trade management: - Strategy execution: after reaching Target 1, reduce the position by 50%, and move the stop loss up to breakeven. If the price drops back to the entry level, automatically exit to protect the principal.
A negative funding-rate environment often triggers short covering, but since the 4H RSI is in an overbought zone, be cautious of short-term profit-taking. The risk-reward ratio is acceptable, at 1:1.5, with a strict stop loss.
View live chart 👇 $T
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