【$BULLA Signal】Long - 1H timeframe strong breakout, funding squeeze in progress

$BULLA The 1H timeframe has just completed a strong volume breakout of the previous consolidation zone, with the price reaching a new high. The 4H timeframe has formed three consecutive bullish candles, indicating a clear upward trend. Currently, the negative funding rate is -0.0643% with stable Open Interest, suggesting potential for a short squeeze. This is a typical momentum-driven market.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0342 - 0.0344 (Reason: Currently at the upper end of a strong consolidation zone, waiting for a slight pullback to confirm support)

🛑Stop Loss: 0.0330 (Reason: Break below the previous 1H consolidation low and EMA20 support)

🚀Target 1: 0.0360 (Reason: Preliminary resistance level based on ATR measurement)

🚀Target 2: 0.0385 (Reason: Previous high area and 1.618 Fibonacci extension level)

🛡Trade Management:

- Position Size: Light (Reason: RSI on 1H has reached 84.43, in overbought territory, increasing risk of chasing the high)

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.0340 and turns downward, exit immediately.

Deep Logic: Trading volume has sharply increased over the past 4 hours, indicating major capital entering the market to push prices higher. Although RSI on 1H shows overbought, in a strong short squeeze environment, it may remain subdued. Market depth data (bid_ask_ratio_depth: 1.14) slightly favors buyers, with dense buy orders supporting the 0.0342-0.0343 zone below. Negative funding rates combined with rising prices suggest shorts are under pressure, fueling further upward movement.

View real-time market 👇 $BULLA

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