$GWEI Signal: 1H overbought acceleration; negative funding rate short squeeze continues

RSI on the 1H chart has surged to 82.36, and the MACD histogram continues to expand. The upper band of the 4H Bollinger Bands at 0.1091 was decisively broken; the current price at 0.11727 is trading above the 1H upper band of 0.1138. The negative funding rate of -0.0427%, combined with stable OI, shows that shorts have not exited; the price remains firm, and the short-squeeze structure is intact. Depth imbalance of -38.36% with thin sell orders and active bid price increases.
🎯 Direction: Long (buy the pullback)
⚡ Entry/Order: 0.11200 - 0.11350
🛑 Stop loss: 0.09711
🚀 Target 1: 0.11726
🚀 Target 2: 0.11773
🛡️ Trade management: - Execute strategy: after reaching Target 1, cut exposure by 50% and move the stop loss up to 0.11200. If the price drops back into the entry range, actively close the position to protect capital. The 0.112 area is close to the 1H EMA20 and the prior consolidation platform, indicating clear support and a strong intent to provide funding support. Position control is key; chasing highs requires waiting for a clear pullback confirmation.
View real-time market 👇 $GWEI
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