【$PROMPT Signal】Long | 1H Breakout and Retest Confirmation, Building Momentum Under Negative Funding Rate

$PROMPT On the 1H timeframe, after experiencing significant volatility, the price has stabilized above the EMA20(0.0506) and formed a small upward channel. Although the 4H timeframe is still consolidating, the price has moved away from the bottom area, and the negative funding rate(-0.0133%) hints at a potential short squeeze. Currently, the 1H RSI(59.84) is healthy, and the bid-ask depth (bid_ask_ratio_depth: 0.57) shows strong support below. This is a typical breakout retest confirmation pattern, with short-term bullish momentum gathering.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0530 - 0.0535 (Reason: Support at 1H EMA20 and the lower boundary of the current consolidation platform)

🛑Stop Loss: 0.0495 (Reason: Break below the previous 1H rally start point and the 4H candle body lows)

🚀Target 1: 0.0560 (Reason: Previous high resistance and 1.272 Fibonacci extension level)

🚀Target 2: 0.0600 (Reason: Previous high area on the 4H timeframe and psychological round number)

🛡Trade Management:

- Position Size: Light (Reason: Overall volatility is extremely high, ATR reaches 0.0064, strict risk control is necessary)

- Execution Strategy: When the price reaches 0.0560, reduce position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price of 0.0535. If the price cannot hold above 0.0535 and turns downward, exit immediately.

Depth Logic: OI remains stable, and the price has not collapsed after yesterday’s massive rally, indicating funds are supporting the market. In a negative funding rate environment, the price holding steady rather than falling is a typical sign of a “soft short squeeze.” The buy-side depth on the 1H is significantly better than the sell-side (depth imbalance -27.79%), with dense orders in the 0.0531-0.0532 range forming strong support. Combined with the 1H RSI rebounding from lows, momentum is likely to continue.

View real-time market 👇 $PROMPT

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