【#Gate蓝龙虾重磅上线 Signal】Pullback to buy + Short squeeze continuation

The 1-hour timeframe just experienced a historic surge, with a single-day increase of over 74%, currently in a high-level consolidation after extreme overbought conditions. The 4-hour timeframe saw a massive bullish candle break through all moving averages, signaling a trend reversal. The current price has moved far away from the moving averages, but with a high negative funding rate of -1.48% and stable open interest, it indicates that the bears are still resisting stubbornly, with potential for a short squeeze to continue. At this point, chasing the high carries great risk, but a pullback to key support levels presents an excellent second-entry opportunity.
🎯Direction: Long (pullback limit orders)
⚡Entry/Limit Orders: 0.03734 - 0.03831
🛑Stop Loss: 0.03570
🚀Target 1: 0.04874
🚀Target 2: 0.05395
🛡️Trading Management:
- Execution Strategy: If limit orders are filled, reduce 50% of the position after reaching Target 1, and move the stop loss up to the entry price. Hold the remaining position to aim for Target 2. If the price fails to stabilize within the entry zone and turns downward, cut losses decisively.
$ACX Depth Logic: This is a typical short squeeze scenario. The price surged 74% while open interest remained stable, indicating that it’s not just bullish buying but forced liquidations causing the squeeze. Massive volume combined with a negative funding rate suggests that bears have not fully surrendered. The 1-hour RSI is as high as 95, indicating extreme overbought conditions, and a pullback is necessary. The suggested entry zone corresponds to the 1-hour EMA50 and previous breakout levels, serving as healthy confirmation for a pullback. The order book shows significant buy-side depth, with strong support below. $ACX
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