【$SIGN Signal】Short squeeze continues, dip to buy!

$SIGN 1H timeframe, after a significant rally, consolidates strongly in the 0.049-0.053 range. The current price is closely hugging the 1H EMA20, indicating a healthy correction. The 4H timeframe shows the first pullback after a volume breakout, with the trend structure intact, open interest stable, and no signs of long liquidation. Negative funding rates suggest bears are still resisting, fueling the potential short squeeze.

🎯 Direction: Long

⚡ Entry/Order: 0.0442 - 0.0452 (Patience for a deep correction; this is the optimized key support zone for entry)

🛑 Stop Loss: 0.0410

🚀 Target 1: 0.0530

🚀 Target 2: 0.0580

🛡️ Trading Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price. If the price strongly breaks through 0.0530 and stabilizes, move the remaining position’s stop loss to hold and aim for greater gains.

Depth Logic: Over the past 24 hours, the price has increased by over 60%, but open interest has not shrunk, indicating a strong market driven by funds rather than just short covering. The 1-hour RSI has healthyly pulled back from overbought levels to around 78, preparing for another rally. Market depth shows significantly thicker buy orders than sell orders below, with strong support. Combined with negative funding rates and steadily increasing open interest, the main players are clearly supporting the market, making dips a good entry point.

View real-time market 👇 $SIGN

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