$GRASS 1H level has just broken through the previous high and created a new intraday high of 0.2537. Currently, it is strongly consolidating in a sideways manner. The 4H level has formed a bullish engulfing pattern, confirming a trend reversal. Key data: negative funding rate (-0.0095%) + stable OI + strong price, which is a typical short squeeze structure, and shorts are being squeezed.
🎯 Direction: Long
🎯 Entry/Limit Order: 0.2470 - 0.2490 (Reason: 1H EMA20 support zone & confirmation zone after breakout)
🛑 Stop Loss: 0.2400 (Reason: break below the previous 1H candle low & the midpoint of the 4H breakout candle)
🚀 Target 1: 0.2650 (Reason: resistance at the previous swing high & 1.272 Fibonacci extension)
🚀 Target 2: 0.2800 (Reason: area of previous high on the daily level & 1.618 Fibonacci extension)
🛡️ Trade Management:
- Position Suggestion: Standard position (Reason: 4H/1H resonance breakout, high signal quality)
- Execution Strategy: After the price reaches 0.2650, reduce position by 50% to lock in profits and move the stop loss of the remaining position to the entry price of 0.2480. If the price strongly breaks through 0.2650, hold the remaining position to aim for Target 2.
Deep Logic: The order book shows that buy depth is significantly greater than sell depth (depth imbalance of 17.88%), with clear support from large orders. The 1H RSI (73.84) is high but not yet overbought, indicating strong momentum. In the past 4 hours, both price and volume have risen, with a buy/sell ratio > 1, signaling active buying from the main players. In a negative funding rate environment, the price is rising instead of falling, and the pressure for shorts to close will continue to push prices higher.
View real-time market data 👇 $GRASS
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