【$BOB Signal】Short squeeze in progress, buy on pullback

$BOB 4H timeframe price has broken above the Bollinger upper band, 1H MACD double lines are high and flat, but the negative funding rate of -0.4% and stable open interest indicate a typical short squeeze structure.

🎯Direction: Long

⚡Entry/Order: 0.006111 - 0.006268

🛑Stop loss: 0.006000

🚀Target 1: 0.007342

🚀Target 2: 0.007879

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50% and move the stop loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.

Order book depth shows significant sell orders stacked above 0.00705, which is a short-term resistance zone. However, the 1H RSI has pulled back from high levels to 61, providing healthy correction space. Open interest has not decreased after the price surge, indicating funds are still actively trading within the market. In this negative funding rate environment, the price remains firm, often signaling that the short covering fuel has not been exhausted. Chasing the current price higher carries higher risk; patience is advised until the price pulls back near the 1H EMA20, offering a better risk-reward ratio.

View real-time market 👇 $BOB
---
Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#Gate广场四月发帖挑战 #假期持币指南 #加密市场行情震荡