【$BEL Signal】Long + 1H level rebound confirmation, short squeeze game under negative funding rate

$BEL After forming a double bottom structure around 0.107 on the 1H level, the candlestick has already risen above the EMA20(0.1093) and closed at 0.1107, with buy volume ratio(0.58) significantly increasing, indicating a short-term momentum return. Although the 4H level is in consolidation, the combination of negative funding rate(-0.1129%) and rising price suggests a potential short squeeze, and stable open interest indicates it’s not just a short covering.

🎯Direction: Long (Long)

🎯Entry/Order: 0.1100 - 0.1110 (Reason: 1H candlestick stabilizes above EMA20, and it is the support zone of the previous hour’s close)

🛑Stop loss: 0.1065 (Reason: Break below the 1H double bottom low and ATR lower band)

🚀Target 1: 0.1165 (Reason: Previous high resistance on the 4H level)

🚀Target 2: 0.1200 (Reason: 1.618 Fibonacci extension level, close to yesterday’s high)

🛡️Trade management:

- Position suggestion: Light position (Reason: 4H trend is not fully clear, short-term game)

- Execution strategy: After reaching Target 1, reduce position by 50%, and move stop loss to entry price 0.1100. Hold remaining position for Target 2; if price retraces and breaks below 0.1100, exit all.

Deep logic: Market depth shows buy orders far thicker than sell orders (depth imbalance -1.55%), with large orders accumulated around 0.109-0.110, forming strong support. The 1H RSI(53.91) is in a healthy bullish zone with upward space. The key is whether the price can quickly break through 0.1112 (1H previous high) to confirm accelerated short squeeze. Under negative funding rate conditions, if the price remains firm, it can easily trigger a short squeeze.

View real-time market 👇 $BEL

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