[$1000SHIB Signal] Going long + 1H breakout above the Bollinger Band upper band / Negative funding rate support

$1000SHIB RSI is 76 over 1 hour and 78 over 4 hours; both are in the overbought zone, but the funding rate is -0.0107%, meaning long positions have a lower entry cost. The 4H Bollinger Band upper band at 0.0052 has been broken; the current price 0.005327 is trading above the upper band with an expanding opening. Buy orders continue to push price higher. Although the 1H MACD histogram is shrinking, the trend has not broken. The order book shows sell pressure is slightly stronger, but the negative funding rate attracts short-squeeze forces.
🎯Direction: Go long
⚡Entry/Limit order: 0.005327 at current price or place orders in the 0.005311-0.005327 range
🛑Stop loss: 0.00527373
🚀Target 1: 0.00540691
🚀Target 2: 0.00544686
🛡️ Trade management:
- Strategy execution: After reaching Target 1, reduce position size by 50% and move the stop loss up to breakeven. If the price falls back to the entry level, exit automatically.
Based on backtest experience, when the market continues to rally in an overbought zone, it often comes with a sudden push followed by a pullback. The risk-reward ratio for Target 1 is about 1.5, worth taking the trade.
Check live market 👇 $1000SHIB
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