Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
#Gate蓝龙虾重磅上线 #伊朗在霍尔木兹海峡布设水雷 #原油价格回落 【$ACX Signal】Pullback to go long + Short squeeze continues
On the 1H timeframe, after experiencing a massive rally, the price is currently consolidating strongly at high levels, digesting profit-taking. A single massive bullish candle on the 4H chart has completely reversed the downward trend, turning it into a strong bullish trend. Although the current price is far from the moving averages, the negative funding rate is as high as -0.34% and open interest remains stable, indicating that bears are still resisting stubbornly, providing fuel for a potential short squeeze. The 1-hour RSI is high but not severely overbought, with deep buying interest and strong support below.
🎯Direction: Long (pullback to go long)
⚡Entry/Order: 0.04782 - 0.04905
🛑Stop Loss: 0.04160
🚀Target 1: 0.07887
🚀Target 2: 0.09377
🛡️Trade Management:
- Execution Strategy: Use scaled profit-taking. When the price reaches the first target of 0.07887, reduce position by 50% and immediately move the stop loss of the remaining position to the entry cost. Hold the remaining position for the second target; if the price retraces and breaks below the trailing stop, exit automatically to lock in profits.
Depth Logic: This is a typical pullback opportunity after a short squeeze has started. The trading volume on the 4-hour chart has surged dozens of times, a clear signal of main capital entering. Despite the price soaring over 80% in a single day, open interest has not decreased, indicating a solid bullish setup. Meanwhile, the extremely high negative funding rate means short positions are costly; a slight retracement followed by another rally could easily trigger short covering and cause a price surge again. On the 1-hour chart, initial support is formed in the 0.058-0.060 range. Waiting for the price to retrace to the optimized entry zone offers an excellent risk-reward ratio for a sniper entry.
View real-time market 👇 $ACX
---
Follow me: Get more real-time analysis and insights on the crypto market! $ACX
$BTC $ETH