【$DENT Signal】Long - 1H strong breakout, negative fee rate short squeeze in progress

$DENT The 1H timeframe has just experienced a massive surge, with the price stabilizing above the short-term EMA, showing strong momentum. A long bullish candle on the 4H chart has broken through the recent consolidation range. Although the current price has slightly retraced, this is a healthy correction after a breakout. In a negative fee rate environment, bears face immense pressure, and a short squeeze is imminent.

🎯Direction: Long (Long)

🎯Entry/Order: 0.000256 - 0.000259 (Reason: Retracement to 1H EMA20 support zone and confirmation of breakout pullback)

🛑Stop Loss: 0.000245 (Reason: Break below the start of the 4H bullish candle and the lower end of the dense trading zone)

🚀Target 1: 0.000276 (Reason: Previous high resistance and today’s high point)

🚀Target 2: 0.000300 (Reason: 1.5 times ATR extension level, psychological round number)

🛡️Trade Management:

- Position Size Recommendation: Light (Reason: Hot Coin exhibits high volatility, with daily gains exceeding 18%, so caution against profit-taking reversal)

- Execution Strategy: After reaching Target 1 at 0.000276, reduce position by 50%, and move the remaining stop loss up to the entry price of 0.000259. If the price strongly breaks through 0.000276, hold the remaining position to aim for Target 2.

Deep Logic: Data is key. 1. Funding rate at -1.5%, an extreme negative rate, makes short positions very costly, and any upward movement could trigger a chain of liquidations (short squeeze). 2. Open interest (OI) remains stable during the price surge, indicating this isn’t just spot buying but supported by futures contracts. 3. 1H RSI at 66, not overbought, still room to rise. 4. Market depth shows thinner sell orders between 0.00026-0.00027, making resistance easier to break. Overall, this is a classic “negative fee rate + price breakout” short squeeze scenario, with short-term bulls holding a clear advantage.

Check real-time market 👇 $DENT

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