【$YGG Signal】Pullback to Long + 4H Strong Short Squeeze Structure, Rebound Play under Negative Funding Rate

$YGG 1H timeframe is testing EMA20 support, 4H shows a strong consolidation after volume breakout. After a 20% surge, the price did not experience a significant decrease in open interest, and the funding rate is deeply negative (-0.4866%), which is a typical short squeeze structure, with clear main force support. The current pullback is healthy, preparing for the next upward move.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0475 - 0.0478 (Reason: 1H EMA20 dynamic support zone + low point of the previous 1-hour candle)

🛑Stop Loss: 0.0465 (Reason: Break below the previous 4-hour candle low of 0.04652, short squeeze logic invalidated)

🚀Target 1: 0.0505 (Reason: Resistance at the previous 4-hour high)

🚀Target 2: 0.0520 (Reason: 1.618 Fibonacci extension level, corresponding to the previous wave)

🛡️Trade Management:

- Position suggestion: Light position (Reason: Intraday volatility has increased, risk control is essential)

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to entry price 0.0478. If the price strongly breaks through 0.0505 and stabilizes, hold the remaining position towards Target 2.

Depth logic: Market data shows that although the price has pulled back from the high, open interest (OI) remains stable, with no large-scale profit-taking by longs. The depth imbalance is -4.72%, indicating slightly more selling pressure, but buy orders below are dense (a cluster of buy orders in the 0.0477-0.0472 range), providing a strong buffer zone. The 1H RSI (55.9) is healthy after a pullback from overbought, and the 4H RSI (69.2) remains in a strong zone. Combined with the negative funding rate, there is still a need for shorts to close positions, making the pullback an opportunity.

View real-time market 👇 $YGG

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