【$BLUR Signal】Short squeeze continues, pullbacks are opportunities

$BLUR 1H timeframe spikes and retracements, RSI surges to 86.55, 4-hour chart has already broken out of the upper Bollinger Band. Negative funding rate of -0.38% combined with stable open interest indicates persistent short pressure. Buying orders are heavily stacked around 0.0230, and selling pressure is quickly absorbed.

🎯Direction: Long

⚡Entry/Order: Buy in stages on pullbacks around 0.02066 - 0.02119

🛑Stop loss: 0.01940

🚀Target 1: 0.02837

🚀Target 2: 0.03195

🛡️Trade management:
- Execution strategy: Reduce position by half after reaching the first target, move the remaining stop loss up to the entry price. If the price cannot hold above 0.0225, consider exiting early.

The 4-hour MACD histogram is still expanding, indicating bullish momentum is not exhausted. Although there is a volume contraction correction on the 1-hour chart, order book data shows dense orders in the 0.0229 to 0.0230 range below, clearly supporting the price. In this negative funding rate environment, the price staying firm often signals that the short squeeze phase is not over. Risk-reward ratio exceeds 4, making it worthwhile to use a smaller stop loss to bet on further upside.

Check real-time market 👇 $BLUR
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