【$FIL Signal】Short squeeze rebound! 1H breakout confirmation, main force defending the market under negative funding rates

$FIL The 1H timeframe has experienced a volume-driven rally and is currently consolidating at high levels. The 4H timeframe has broken through the previous consolidation platform, forming a bullish structure. The key point is: while the price surged by 5.92%, the funding rate remains negative (-0.0014%), and open interest is stable, indicating that bears have not exited the market and there is potential for a short squeeze. Market depth shows unusually thick buy orders in the 1.00-1.01 range, forming a strong support.

🎯Direction: Long (Long)

🎯Entry/Order: 1.018 - 1.022 (Reason: In the current price zone, the 1H EMA20 dynamic support and the upper boundary of the consolidation range )

🛑Stop loss: 0.998 (Reason: Breaking below the key integer level and the lower boundary of the dense buy zone, ATR stop loss )

🚀Target 1: 1.045 (Reason: Previous high resistance and the 4H Fibonacci 0.618 extension level )

🚀Target 2: 1.065 (Reason: Psychological level at 1.0 and a small previous platform on the daily chart )

🛡️Trading management:

- Position suggestion: Light position (Reason: Hot coins are highly volatile, and the 4H trend has just started, confirmation needed )

- Execution strategy: After the price reaches 1.045, reduce position by 50% and move stop loss to entry price 1.018. Hold the remaining position for the second target; if the price retraces to 1.018 and breaks below, exit all.

Depth logic: The price surged strongly from 0.947 to 1.03, with open interest remaining stable, indicating it’s not just a short covering move but shows signs of main force involvement. Current RSI_14 is 70.26, in a strong zone but not extremely overbought, leaving room for further upside. Market imbalance is at 11.48%, with selling pressure concentrated between 1.021-1.025. A breakout here will accelerate the upward move. Coupled with negative funding rates, this is a classic early-stage short squeeze scenario.

Trade here 👇 $FIL

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