【$MOODENG Signal】Long - 1H breakout retest confirmation, negative funding rate short squeeze game

$MOODENG The 1H timeframe is strongly oscillating above the EMA20 (0.0596), just completing the first test and retest of the previous high at 0.0639. A single bullish candle on the 4H chart establishes a short-term uptrend. The current price is trading above the EMA20 (0.0544), with a bullish structure. The negative funding rate (-0.0758%) combined with firm price action indicates short squeeze potential, making it a typical Hot Coin momentum trading opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0628 - 0.0632 (Reason: 1H EMA20 support zone and dense area of previous hour’s lows )

🛑Stop Loss: 0.0602 (Reason: Break below the previous 1H low at 0.0603 and ATR lower band )

🚀Target 1: 0.0658 (Reason: Testing previous high resistance at 0.0659 )

🚀Target 2: 0.0685 (Reason: 4H previous wave high and 1.382 Fibonacci extension )

🛡️Trade Management:

- Position size suggestion: Light (Reason: Hot Coin volatility is extremely high, with daily swings over 17% )

- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price 0.0632. Hold remaining position for Target 2. If price retraces and breaks below the trailing stop, exit all.

Deep logic: 4H buy volume surges, indicating main capital involvement. Although OI trend is stable, the negative funding environment causes prices to rise rather than fall, implying passive short covering pressure. The 1H RSI (67.66) is not overbought, leaving room for further upside. Order book data shows exceptionally heavy buy depth in the 0.0629-0.06293 zone (close to 600,000 USD), forming a strong support. This is a typical short-term momentum continuation and short squeeze opportunity.

Trade here 👇 $MOODENG

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