【$SNX Signal】Long + 1H Level Short Squeeze Breakout, Short Squeeze in Negative Funding Rate

$SNX The 1H level is consolidating strongly above EMA20, just broke through the previous high of 0.388 with increased volume, forming a short squeeze trend. The 4H level has already broken the downward trendline, indicating a V-shaped reversal pattern. The negative funding rate is as high as -0.5162%, yet the price remains firm, which is a typical short squeeze signal. The main force's intention to defend the price is obvious.

🎯Direction: Long (Long)

🎯Entry/Order: 0.382 - 0.385 (Reason: Confirmed pullback after breakout, 1H EMA20 dynamic support )

🛑Stop Loss: 0.372 (Reason: Break below the 1H breakout low and EMA50 support )

🚀Target 1: 0.398 (Reason: Intraday high resistance, also a psychological round number )

🚀Target 2: 0.415 (Reason: Daily high resistance level, potential 1.618 extension level on the 4H chart )

🛡️Trade Management:

- Position suggestion: Standard position (Reason: 4H and 1H resonance upward, strong short squeeze logic with negative funding rate )

- Execution strategy: When the price reaches 0.398, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.382. If the price strongly breaks through 0.398 and stabilizes, consider raising the target of the remaining position to 0.415.

Deep logic: The price surged 25% in a single day, but open interest remained stable, indicating it’s not purely retail FOMO. There may be major funds controlling the rhythm. Market depth shows large buy orders accumulating in the 0.374-0.380 range, forming a strong support cushion. Although the 1H RSI is high at 74.88, it can be dulled in a strong short squeeze market. The negative funding rate is the core driver; short positions have extremely high costs, and any pullback could trigger short covering and踩踏, pushing the price higher.

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