【$STORJ Signal】Negative funding rate + pullback to add long positions, waiting for entry at 0.1295
$STORJ Funding rate -0.1838%, bears continue to subsidize bulls. The 4H Bollinger Band upper band at 0.1286 has been broken, current price at 0.1302 is outside the channel, 1H MACD bars are contracting but no death cross, buying pressure ratio of 1.02 indicates buying support remains stable. RSI on 4H at 77.88 is in overbought territory, but after a pullback to 0.1277, it did not break below, with buy support around 0.126. A short-term pullback to around 0.1295 could be a good long entry, although the risk-reward ratio is narrow, the probability of a rally in a negative funding rate environment still exists.
🎯Direction: Long (pullback order)
⚡Entry/Order: 0.1295
🛑Stop loss: 0.1015
🚀Target 1: 0.1304
🚀Target 2: 0.1309
🛡️Trade management: - After reaching Target 1, reduce position by 50%, move stop loss to 0.1295 to break even; if price falls below 0.1295, exit immediately.
Depth logic: 4H Open Interest is stable, deep negative funding rate indicates market sentiment is bearish but price has not followed down, forming a potential short squeeze basis. 1H RSI has fallen from overbought to 69, with limited pullback. If support holds around 0.1295, a short-term rebound to the previous high of 0.1333 is likely. Personally, I think this risk-reward ratio is average, suitable only for light short-term trading.
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