【$PIEVERSE Signal】1H level pullback confirmation, opportunity for short squeeze with negative funding rate

$PIEVERSE After a surge and pullback at the 1H level, the current price is 0.9654, closely above the 4H Bollinger middle band at 0.7170. The 1H MACD shows a bearish crossover below, but the histogram narrows, indicating weakening bearish momentum. The 4H MACD has formed a golden cross with decreasing volume, indicating the trend remains but momentum is slowing. The order book depth imbalance is only 0.60%, with bulls and bears temporarily at a standstill.

Funding rate -0.2943%, indicating high costs for short positions and a basis for a short squeeze. The 1H RSI at 48.24 is in a neutral to slightly weak zone, leaving room for a rebound. The 4H EMA50 at 0.6331 provides strong support below.

The current risk-reward ratio is not attractive, but the price holding in a negative funding rate environment often signals a pulse of short covering leading to a significant move.

🎯Direction: Pullback to go long

⚡Entry: Place order around 0.7922 for a trap

🛑Stop loss: 0.6299

🚀Target 1: 1.1167

🚀Target 2: 1.2789

🛡️Trade management: - Execute strategy: Reduce half of the position after reaching Target 1, and move the remaining stop loss up to the entry price. If the price surges without giving a pullback opportunity, abandon this trade and do not chase the high.

The 1H price has fallen back to near the lower Bollinger band at 0.8270 for initial support, while the 4H remains in a healthy correction zone below the upper Bollinger band at 1.2648. Position size is stable, with no signs of large-scale capital outflow. Coupled with the significant negative funding rate, there is potential for short covering. Under this structure, a deep correction is an opportunity.

Check real-time market 👇 $PIEVERSE
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#GatePreIPOs首发SpaceX #Gate13周年现场直击 #加密市场小幅下跌