【$AGLD Signal】Long - 1H level short squeeze pullback confirmation, main force defending the market under negative funding rate

$AGLD The 1H level is undergoing a healthy pullback after a historic surge. The current price is consolidating in the upper part of the massive candlestick, with the 1H EMA20 (0.2362) providing dynamic support. The key point is: the negative funding rate is as high as -0.4112%, and the price remains firm with stable open interest, indicating a typical short squeeze structure with enormous short covering pressure. The 4H level has confirmed a breakout of the long-term downtrend line, signaling a shift to bullish on the larger cycle.

🎯 Direction: Long (Long)

🎯 Entry/Order: 0.2620 - 0.2640 ( Reason: Retracement to the middle support zone of the 1H massive bullish candle and EMA20 dynamic support )

🛑 Stop Loss: 0.2550 ( Reason: Break below the key 1H critical low at 0.2519 and ATR lower band )

🚀 Target 1: 0.2795 ( Reason: Testing previous high resistance level, also the 1H Fibonacci 0.618 extension )

🚀 Target 2: 0.2950 ( Reason: Previous wave high on the 4H cycle and 1.0 extension level )

🛡 Trading Management:

- Position suggestion: Light position ( Reason: Intraday volatility is extremely high, ATR values are large, strict risk control is required )

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining position’s stop loss to the entry price (break-even). If the price strongly breaks through 0.2795 and stabilizes, move the stop loss on the remaining position to hold and aim for Target 2.

Deep logic: The market shows that although the price has pulled back from the high point, the open interest (OI) remains stable and has not decreased significantly, indicating that the main bullish players have not exited massively but are instead rotating or defending at this level. The 1H RSI (73.5) is somewhat high, but in a strong short squeeze environment, it can be tolerated. The order book depth shows significant buy orders (0.263-0.264), with relatively dispersed sell pressure, conducive to another upward move. Coupled with the negative funding rate, shorts are incurring costs every moment, and any pullback could trigger a new round of short covering buy orders.

View real-time market 👇 $AGLD

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