【$SXT Signal】Long + funding rate squeezes shorts

$SXT Funding rate -0.8886%, setting a recent extreme. The cost of short positions rises sharply. 1H MACD upward momentum is narrowing, but it has not formed a dead cross. On 4H, the upper Bollinger band at 0.0100 creates short-term resistance. A deep sell order overhang with a -19.91% pressure weighs down the price, but with an extremely negative funding rate, the risk that shorts rush to cover cannot be ignored. In this environment, there is a higher probability that continued price pushes will force shorts to hit their stop-loss.
🎯Direction: long
⚡Entry/limit orders: 0.00955525 - 0.00958400
🛑Stop-loss: 0.00948816
🚀Target 1: 0.00972776
🚀Target 2: 0.00979964
🛡️Trade management: - Execution strategy: after reaching target 1, cut the position size by 50% and move the stop-loss up to the breakeven level. If the price drops back to the entry zone, exit automatically to protect the principal.
Deep rationale: The OI trend is stable, and there has not been large-scale closing of long positions yet; shorts are still resisting. 4H RSI 66.41, not overbought; 1H RSI 65.87, still leaving room for upside. The contradiction between the extremely negative funding rate and the depth of sell-side order imbalance favors the short-squeeze (squeeze shorts) logic in the short term.
View live market 👇 $SXT
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