【$TAG Signal】Short squeeze pullback, follow the trend to go long

$TAG 1H timeframe high-level consolidation, RSI soaring to 83, buying pressure gap. The 4H Bollinger Bands opening upward, price above the upper band, MACD double lines continuously expanding. Funding rate at 0.1447% is relatively high, but open interest remains stable, indicating passive shorts. Sell orders on the order book pile up above 0.000815, while buy orders actively support around 0.000811.

🎯Direction: Pullback to buy

⚡Entry/Order placement: Within the 0.0007014 - 0.0008091 range, currently near 0.000813, try light positions to go long directly, or place orders around 0.000795 for ambush.

🛑Stop loss: 0.0005970

🚀Target 1: 0.0009102

🚀Target 2: 0.0010146

🛡️Trade management:
- Execution strategy: After reaching the first target, halve the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.000815 and quickly falls back, exit proactively.

In this high-fee environment, the price refusing a deep correction itself is a sign of strength. The 1-hour EMA20 continuously rising provides dynamic support, and volume shrinks during consolidation, indicating healthy turnover. Under high funding rates, short positions face significant cost pressure, and any minor pullback can be quickly supported by buy orders, fueling a short squeeze. The risk-reward ratio is close to 1:2, making it worthwhile to use smaller positions to bet on trend continuation.

Check real-time quotes 👇 $TAG
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