【$ORDER Signal】Short squeeze in progress, pullback is a good entry point

$ORDER 1H timeframe shows a violent surge of over 18%, the price has broken out of the upper Bollinger Band, RSI has soared to 88, indicating severe short-term overbought conditions. However, the 4-hour MACD has a golden cross and the histogram continues to expand, open interest remains stable, and the negative funding rate is as high as -0.73%, squeezing the shorts. The order book shows exceptionally thick buy walls below 0.0575, with clear intent of price support.

🎯Direction: Pullback to go long

⚡Entry/Order: 0.0495 - 0.0507

🛑Stop Loss: 0.0494

🚀Target 1: 0.0561

🚀Target 2: 0.0588

🛡️Trade Management:
- Execution strategy: After reaching the first target, halve the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.056, exit all positions.

In this negative funding rate environment, open interest has not collapsed, indicating that the bulls are still holding the market. The extreme overbought condition on the 1-hour chart requires a healthy pullback to digest profit-taking, with the best sniper zone near the 4-hour EMA20. The buy walls below are stacked high, and selling pressure will be quickly absorbed. The risk-reward ratio exceeds 4:1, making it worthwhile to use a narrow stop loss to bet on trend continuation.

Check real-time market 👇 $ORDER
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