【$ALGO Signal】Pullback to add long, short squeeze structure begins to emerge

$ALGO 1H timeframe surges then consolidates with decreasing volume, RSI skyrockets to 91, 4-hour K-line has already broken above the upper Bollinger Band. Buying pressure is lacking, with clear signs of distribution at high levels.

🎯Direction: Wait for a pullback to go long

⚡Entry/Order: 0.0960 - 0.0985

🛑Stop Loss: 0.0925

🚀Target 1: 0.1225

🚀Target 2: 0.1345

🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back to the entry level, exit automatically to protect capital.

Funding rates and open interest are rising simultaneously, a typical short squeeze setup. The 1-hour MACD is still expanding, but the price has moved far away from the moving average, making chasing the high very risky. The thick order zone around 0.106 to 0.105 below is the first line of defense for the main force’s support. The risk-reward ratio is close to 4, making this position worth setting an ambush, but a proper pullback confirmation of support is necessary.

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