【$NEIRO Signal】1H level short squeeze continuation, short squeeze market under negative funding rate

$NEIRO After a surge and sideways movement on the 1H level, the price remains firm above 0.000096. The MACD histogram on the 4H level is still expanding, but the 1H histogram has started to contract, indicating a first divergence in momentum. Market depth shows buy orders are 4.78% thicker than sell orders, with a clear intention of capital support. Under a negative funding rate environment of -0.0018%, short positions face ongoing cost pressure, providing atypical support for the price.

Price directly enters long positions within the 0.00009607 - 0.00010050 range.

🛑Stop loss is set at 0.00010130, just above the recent minor high.

🚀First target is set at 0.00009889, which is the previous minor resistance zone.

🚀Second target is at 0.00009809, serving as a conservative profit-taking point.

🛡️Trade management: - Execution strategy: After the price hits 0.00009889, cut half of the position, and move the stop loss of the remaining position to the entry price. If the price cannot hold and falls back to the opening level, exit all positions and wait.

The 1H RSI is at 74.94, not extremely overbought but already in a strong zone. The key point is the combination of stable open interest and negative funding rate, which can easily trigger passive short covering and push the price higher. The upper band of the 4H Bollinger Bands has been pierced, usually indicating short-term volatility expansion. The risk-reward ratio looks reasonable at the moment, but strict stop-loss execution is essential in such high-volatility assets, avoiding any overconfidence.

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