【$NEIRO Signal】1H level short squeeze pullback, long positions lurking

$NEIRO 1H level rally then pull back; the price faces selling pressure at 0.0001041, with the current price at 0.00009654. The 4H MACD histogram bars are still expanding, but the 1H histogram bars have started to contract, indicating weakening short-term momentum. Order book depth shows buy orders are 17.92% thicker than sell orders, suggesting strong willingness to pick up below. Funding rate is -0.0078%, putting shorts at risk of being squeezed.

Price retraces to the 0.00009606 - 0.00010050 range; longs can be added in batches. This area is the midpoint of the previous 4H bullish candle and near the 1H EMA20 line.

🛑 Place defense above 0.00010130; this is a resistance-turned-support level formed by the previous hourly high.

🚀 First target: 0.00009889, a recent minor platform high.

🚀 Second target: 0.00009809, a conservative take-profit point.

🛡️ Trade management: - Execution strategy: After the price reaches the first target, cut half of the position. Move the stop-loss of the remaining position up to the entry price. If the price fails to hold above the entry range and breaks downward in reverse, exit immediately.

The current risk-reward ratio is close to 2:1, which is acceptable. In a negative funding environment, the lack of a volume-driven sharp selloff suggests that short-covering demand is still present. Under this structure, the risk of chasing shorts is far greater than that of buying low in line with the trend. The 1H RSI has fallen back from the overbought zone to 66, providing room for another push higher. Open interest is stable and not showing any distribution characteristics.

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