【$FLUID Signal】Short squeeze retest, long positions hidden

$FLUID 1H timeframe surges then consolidates with decreasing volume, price firmly capped below the upper Bollinger band at 2.07. The 4H MACD histogram is still expanding, but the 1H histogram has started to contract, indicating the first signs of weakening bullish momentum. The order book depth favors buy orders over sell orders by 11.9%, but the latest hour’s buy ratio has sharply dropped to 36%, showing that chasing the high is losing momentum.

Price has formed a small support zone between 1.94-1.97, which is both a psychological level and a short-term balance point between bulls and bears. The negative funding rate combined with stable open interest suggests that bears are still paying the cost passively, fueling the potential for a short squeeze.

🎯Direction: Pullback to go long

⚡Entry/Order: Conceal near the lower boundary of the 1.745 - 1.951 range, specifically around 1.75

🛑Stop loss: 1.681

🚀Target 1: 1.962

🚀Target 2: 1.970

🛡️Trade management:
- Execution strategy: Reduce position by half after price hits 1.962, and move the remaining stop loss up to the entry price. If the price fails to hold above 1.94 and drops below the entry zone again, consider exiting early.

The current risk-reward ratio is not high; the main game is the secondary push caused by short covering in a negative funding rate environment. The RSI on the 1H chart falling from overbought 78 to a neutral zone is a window to observe the strength of support. If the price can hold at this level and buy ratio rebounds, it signals a potential re-entry. Chasing the current price purely on the rise involves asymmetric risk and reward.

View real-time market 👇 $FLUID
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