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

$OM The 1H timeframe surged to 0.067 and then healthy pullback, currently building a support around 0.063. The 4H breakout of the previous consolidation zone with increased volume indicates a trend reversal to bullish. Key points: funding rate as high as -0.25%, open interest remains stable, which is a typical short squeeze setup, with prices holding firm and strong bearish pressure.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0632 - 0.0635 (Reason: 1H EMA20 dynamic support zone, also the lower boundary of the current consolidation platform )

🛑Stop Loss: 0.0613 (Reason: Break below previous 1H candle low and ATR(0.0025) lower band )

🚀Target 1: 0.0672 (Reason: Previous high resistance level, also an initial profit-taking point )

🚀Target 2: 0.0710 (Reason: 1.618 Fibonacci extension based on recent gains )

🛡️Trade Management:

- Position size suggestion: Standard position (Reason: 4H breakout confirmed, 1H pullback structure clear, risk-reward ratio >1.5 )

- Execution strategy: After reaching Target 1, reduce position by 50%, and move the stop loss of the remaining position to the entry price (break-even). If the price strongly breaks above 0.0672 and stabilizes, hold the remaining position to target 2.

Deep logic: Market depth shows buy orders far thicker than sell orders (depth imbalance -8.3%), with obvious large order support. Open interest remains stable while prices do not fall under negative funding, indicating that short positions are accumulating risk, and any upward volatility could trigger a short squeeze. The 1H RSI at 61.8 from overbought territory has retreated to a healthy zone, preparing for another upward move.

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