【$AZTEC Signal】Long + 1H level short squeeze continuation, violent surge under negative funding rate

$AZTEC The 1H level is currently consolidating at a high after a violent rally, with RSI(1H) reaching 88.44 indicating extreme overbought conditions, but negative funding rate(-1.2953%) and stable open interest suggest this is a typical short squeeze market, with shorts still being squeezed. A large bullish candle on the 4H level confirms a trend reversal, and the current price is oscillating near the top of the massive candle, indicating strong consolidation.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0315 - 0.0317 (Reason: The lower boundary of the current consolidation zone, with the 1H EMA20 dynamic support moving up to this area)

🛑Stop Loss: 0.0302 (Reason: Falling below the previous 1H candle low and the key integer level 0.0300, also below ATR(14) at double distance)

🚀Target 1: 0.0335 (Reason: Previous high resistance level, also near the intraday high)

🚀Target 2: 0.0360 (Reason: Based on the breakout structure’s 1.618 Fibonacci extension level)

🛡️Trade Management:

- Position suggestion: Light position (Reason: RSI is severely overbought, volatility is extremely high, indicating high-risk trading)

- Execution strategy: Use aggressive management. When the price reaches 0.0330, consider reducing position by 30% to lock in some profits. The remaining position’s stop loss is moved up to 0.0310 (near breakeven). If the price strongly breaks through 0.0335 and stabilizes, the second target can be extended to 0.0360.

Deep logic: This is a typical capital game. Data reveals a key contradiction: the price surges over 60%, but open interest(OI) remains stable rather than decreasing, and the funding rate is deeply negative. This strongly suggests that the rally is not driven by new longs, but by short covering and踩踏 (trampling). The order book shows deep buy-side (bid_ask_ratio_depth: 1.66) remains substantial, with a large number of buy orders stacked at 0.0315, forming immediate support. Market logic indicates “price rising, please determine whether it’s driven by main players entering or shorts踩踏,” current evidence leans more towards the latter. The risk is RSI becoming severely dulled; once buying momentum exhausts, a sharp correction will follow. Therefore, only a small short-term position for quick in-and-out trading.

Check real-time market 👇 $AZTEC

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