【$SNX Signal】Long! 1H pullback confirmation, negative funding rate imminent for a short squeeze

$SNX The 1H timeframe experienced a volume surge and rally yesterday, currently in a healthy pullback phase, with price consolidating just above the 1H EMA20 (0.3738). The 4H timeframe has broken through the downtrend line, with EMA20 (0.3439) crossing above EMA50 (0.3204), indicating a mid-term trend reversal. Key signals: funding rate as high as -0.1667%, open interest stable, typical of a short squeeze setup. Once the price moves, shorts will be forced to cover, pushing the price higher.

🎯Direction: Long (Long)

🎯Entry/Order: 0.374 - 0.377 (Reason: 1H EMA20 support zone + pullback confirmation after yesterday’s breakout )

🛑Stop loss: 0.365 (Reason: Break below 4H previous low support + 1.5x ATR )

🚀Target 1: 0.392 (Reason: Yesterday’s high resistance level, also the 4H previous high )

🚀Target 2: 0.416 (Reason: 4H high point on February 20, breaking through will open up space )

🛡️Trade management:

- Position size suggestion: Standard position (Reason: 4H trend turning bullish, 1H structure clear, favorable risk-reward ratio )

- Execution strategy: After reaching 0.392 (Target 1), reduce position by 50%, and move the remaining stop loss up to the entry price of 0.377. If the price strongly breaks through 0.392 and stabilizes, hold the remaining position towards 0.416.

Deep logic: Order book shows strong buy depth, with large buy orders accumulated in the 0.36-0.37 range, forming a strong support. The 1H RSI (54.57) has fallen from overbought to a healthy zone, preparing for another upward move. Although the latest 1H buy/sell ratio is 0.52, indicating neutrality, combined with a significant negative funding rate, market sentiment is extremely bearish. This is the perfect contrarian long opportunity—main players are accumulating, preparing for a short squeeze.

View real-time market 👇 $SNX

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