【$SIGN Signal】Pullback for Long Entry + Short Squeeze Logic

$SIGN 1H timeframe has experienced a massive rally and is currently consolidating at high levels. The 4H timeframe has a strong short-term bullish signal confirmed by a large bullish candle, but RSI has entered overbought territory, making chasing the high very risky. The current negative funding rate (-0.1881%) is significant, and open interest remains stable. The price has refused to undergo a deep correction after the rally, indicating a typical short squeeze structure, with short covering pressure still present. On the 1H timeframe, waiting for a healthy pullback presents an excellent entry point.

🎯Direction: Long (Long)

⚡Entry/Order: 0.0275 - 0.0280 (Gradually accumulate)

🛑Stop Loss: 0.0262

🚀Target 1: 0.0305

🚀Target 2: 0.0328

🛡️Trade Management:
- Position Size: Light
- Execution Strategy: Build positions gradually within the 0.0275-0.0280 range. After reaching Target 1, close 50% and move the stop loss to the entry average price. For the remaining position, aim for Target 2. If the price falls below the moving stop or the 1H close drops below EMA20(0.0244), exit all positions.

Deep Logic: In the past 24 hours, the price has increased over 20%, with trading volume surging, which is a clear signal of institutional entry. Although RSI(1H) is as high as 72.66, in a negative funding environment, any minor pullback could trigger further short covering, creating a secondary push. The order book shows heavy sell orders stacked above 0.0287, requiring a volume breakout. The 0.0270-0.0275 zone below is a dense trading area from the previous hour’s candles and also the support at 1H EMA50, forming the first line of defense. Stable open interest rather than declining indicates this is not just a pump-and-dump; bulls are still holding their positions.

Check real-time market 👇 $SIGN

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