【$SNX Signal】Long - 1H volume breakout, negative fee rate short squeeze game

$SNX The 1H timeframe has just completed a volume breakout, with the price stabilizing above the EMA20(0.3896), showing strong momentum. The 4H timeframe has already broken through the recent oscillation box top(0.40), forming a bullish structure. The negative funding rate(-0.09%) combined with rising prices indicates short squeeze potential, presenting a typical short-term sniper opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 0.404 - 0.407 (Reason: Retracement to the 1H EMA20 support zone and confirmation after breakout)

🛑Stop Loss: 0.395 (Reason: Falling below the 1H previous low and EMA50 support, ATR stop loss range is reasonable)

🚀Target 1: 0.424 (Reason: 4H previous high resistance level)

🚀Target 2: 0.438 (Reason: 1.618 Fibonacci extension based on recent gains)

🛡️Trade Management:

- Position size suggestion: Light position (Reason: Hot Coin volatility is high, risk per trade needs to be controlled)

- Execution strategy: Reduce position by 50% after reaching Target 1, and move stop loss to entry price(Break even). Hold remaining position for Target 2; if price retraces into the entry zone and lacks support, exit immediately.

Deep logic: Price has recently surged with volume on the 4H K-line, buy orders are active. The 1H RSI(62.34) still has room to rise and is not overbought. Order book data shows buy depth accumulated below 0.40(total volume about 1.1 million), providing short-term support. Open interest(OI) remains stable, indicating that the price increase is not just short covering, but active buying is involved. In a negative fee rate environment, the price remains firm, easily triggering short covering.

View real-time market 👇 $SNX

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