【$AGLD Signal】Long on Pullback! 1H Strong Support Confirmed, Negative Funding Rate Short Squeeze in Progress

$AGLD The 1H timeframe has experienced a massive rally and is now in a healthy retracement consolidation phase. The price is consolidating strongly around 0.266, with the 1H EMA20 (0.2409) crossing above the EMA50 (0.2301) to form a golden cross for support. The 4H level has broken out with increased volume from a long-term consolidation zone, indicating a trend shift to bullish. The key point is: the funding rate is as high as -0.67%, indicating a strong short squeeze expectation, while open interest (OI) remains stable, suggesting that long positions have not been significantly closed due to the rise, and the main force is clearly defending the price.

🎯Direction: Go Long (Long)

🎯Entry/Order: 0.263 - 0.265 (Reason: Dynamic support zone of 1H EMA20 & the lower boundary of the current strong consolidation platform )

🛑Stop Loss: 0.254 (Reason: Break below the previous 1H K-line cluster low of 0.2547, and ATR(14) lower band )

🚀Target 1: 0.279 (Reason: Previous high resistance level and intraday high )

🚀Target 2: 0.295 (Reason: 4H previous wave high and 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position Size Suggestion: Light Position (Reason: Daily increase exceeds 22%, volatility is extremely high, strict risk control needed )

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price (break-even). If the price cannot hold above 0.268 and falls back below the entry zone, consider exiting early.

Deep Logic: Market depth data shows unusually thick buy orders (0.265-0.266), forming a strong support wall. The 1H RSI (71.61) is high but not in extreme overbought territory, leaving room for further upward movement in a strong trend. The core driver is the extremely high negative funding rate, which puts significant cost pressure on short positions. Any small pullback could trigger short covering (short squeeze), pushing the price higher. Currently, this is an excellent opportunity to wait for a pullback and target the longs.

View real-time quotes 👇 $AGLD

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