【$SUPER Signal】Short covering pullback, long positions lurking

$SUPER 1H timeframe spikes and pulls back, buying volume shows a deep gap, but there is a very thick order wall below at the 0.117-0.118 zone, revealing the capital's support intention. The 4H MACD has a bullish crossover with decreasing volume, and the price is testing the middle band of the Bollinger Bands. The negative funding rate is as high as -0.65%, indicating huge cost pressure for short positions.

🎯Direction: Long

⚡Entry/Order placement: Enter in batches within the 0.110 - 0.113 range

🛑Stop loss: Below 0.109

🚀Target 1: 0.132

🚀Target 2: 0.142

🛡️Trade management:
- Execution strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.

Order book depth is unbalanced, with sell orders stacking above 0.119, but buy orders below 0.117 form a defense wall several times thicker. The 1-hour trading volume has shrunk after the rally, indicating a healthy correction. In a negative funding rate environment, if the price can stabilize above the buy wall, it can easily trigger a short squeeze and push for a secondary rally. The risk-reward ratio exceeds 4:1, making this lurking opportunity worth a try.

View real-time market 👇 $SUPER
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