【$PIEVERSE Signal】Pullback to go long, short squeeze, short-term confrontation under negative funding rate

$PIEVERSE After a massive surge on the 4H timeframe, a deep retracement occurred, with the current price at 0.94 breaking below the 1H EMA20/50 moving averages. The 1-hour MACD shows a bearish crossover expanding, and the histogram weakens, while the 4-hour Bollinger Band middle line at 0.6850 forms the first key support below. The order book shows buy-side dominance at 11%, but the funding rate is unusually low at -0.6%, indicating strong short position holding intentions and a risk of a short squeeze.

If the price can stabilize within the 0.76-1.0556 range, it can be seen as a strong correction followed by a buying opportunity.

⚡Entry zone: 0.7605 - 1.0556

🛑Stop loss: 0.6108

🚀Target 1: 1.0599

🚀Target 2: 1.2096

🛡️Trade management: - Execute strategy: after reaching Target 1, halve the position, and move the stop loss to the entry cost. If the price retraces to the lower end of the entry zone and cannot quickly recover, abandon this trade.

Negative funding rate and stable open interest form a confrontation, with the price oscillating in the middle of a massive candlestick body. Bulls and bears need to reprice at this point. Under this structure, it’s preferable to wait for clear buy signals in the support zone before acting, ensuring a solid risk-reward ratio.

Check real-time market 👇 $PIEVERSE
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