【$FLUID Signal】Short squeeze pullback, 1H level secondary upward move

$FLUID 1H level RSI surges to 79.89, buying pressure extremely crowded. The upper band of the 4H Bollinger Bands is strongly topped out, MACD histogram still expanding, but the 1H MACD histogram begins to contract, indicating initial divergence in momentum. Market depth imbalance of -1.31%, with slightly thicker sell orders, combined with a negative funding rate of -0.0667%, suggests a brewing short squeeze structure. Under this structure, chasing the high directly greatly increases risk, but a proactive pullback is an opportunity.

If the price retraces to the 1.694 - 1.907 range lower boundary, it can be a good entry for long positions.

Defense must be set below 1.657; a breakdown would break the structure.

First target is 1.922, and after breaking through, the second target is 1.930.

After reaching the first target, halve the position, and move the remaining stop-loss to the cost price. If the price falls back into the entry zone, exit unconditionally.

Position remains stable, and in a negative funding rate environment, prices remain firm, indicating that short holders are under significant cost pressure. The 1H EMA20 and EMA50 are in a bullish alignment; as long as the pullback does not break the moving average cluster, it’s an ideal position for bulls to re-engage. The current risk-reward ratio is acceptable; patience with entry points is key.

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