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【$PROM Signal】Short squeeze + 1H breakout above the Bollinger upper band
$PROM Funding rate -0.55%, negative rate + buy-side depth 1.75, the early structure of a short squeeze. On the 4H Bollinger band, the upper band 1.9582 is broken directly through by price at 1.965. The MACD histogram 0.0276 is still expanding. This pattern of negative funding rate and price staying firm usually means the shorts are being continuously squeezed.
🎯 Direction: long
⚡ Entry/Orders: 1.95911 - 1.96500
🛑 Stop loss: 1.94535
🚀 Target 1: 1.99447
🚀 Target 2: 2.00921
🛡️ Trade management: - Execute strategy: after reaching target 1, cut position by 50%, and move the stop loss up to breakeven. If price falls back to the entry level, automatically exit to protect principal.
Check live market 👇 $PROM
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