【$C98 Signal】Short Squeeze Rebound + 1H Momentum Breakout

$C98 The 1H timeframe, after experiencing a massive surge, is consolidating strongly around 0.0272. The RSI(1H) is as high as 75.88, indicating strong buying pressure, but it has entered overbought territory. On the 4H timeframe, the price has broken through the recent consolidation upper boundary (0.0270), forming a bullish structure. The key point is: the negative funding rate(-0.0703%) coexists with the rising price, which is a classic sign of a short squeeze, with shorts being forced to cover, fueling the price.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0270 - 0.0272 (Enter directly within the current price range)

🛑Stop Loss: 0.0260 (Break below the 1H EMA50 and the previous dense trading zone lower boundary)

🚀Target 1: 0.0285 (Previous high resistance and order book sell pressure zone)

🚀Target 2: 0.0300 (Psychological round number and previous high area on the 4H timeframe)

🛡️Trade Management:

- Position suggestion: Light position (Scalping position, no more than 2% of total funds )

- Execution strategy: After the price reaches 0.0285, take profit on 50% of the position, and move the remaining stop loss up to the entry price of 0.0272. If the price strongly breaks through 0.0285 and stabilizes, hold the remaining position towards 0.0300.

Deep logic: The order book depth shows that buy orders (Bids) in the 0.0260-0.0271 range are unusually thick, providing strong support. The trading volume in the past 4 hours has surged, and open interest (OI) remains stable, indicating that it’s not purely retail FOMO, but with institutional funds involved in supporting the price. Although the 1H RSI is high, in a short squeeze scenario, it can stay elevated. The core game plan is to leverage the short covering driven by negative funding rates to target this intraday momentum. The risk is that RSI overheating may trigger short-term profit-taking, so keep the position light and strictly adhere to stop-loss.

View real-time market 👇 $C98

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