【$PIPPIN Signal】1H Strong Breakout, Negative Funding Rate Short Squeeze Initiates

$PIPPIN The 1H timeframe is consolidating strongly above the EMA20, just broke above the previous high of 0.7398 with strong momentum. The 4H timeframe shows consecutive bullish candles, with the price well away from EMA50, indicating a clear main upward wave structure. The negative funding rate of -0.0464% combined with continuous price increase suggests a classic short squeeze scenario is unfolding. Stable open interest indicates bullish traders are holding their positions firmly, making this a golden short-term trading window.

🎯Direction: Long (Long)

🎯Entry/Order: Enter at current price 0.7360 - 0.7380 directly (Reason: 1H breakout above previous high confirmed, momentum continues )

🛑Stop Loss: 0.7140 (Reason: Break below the start of the previous large bullish candle on the 1H chart and EMA20 support )

🚀Target 1: 0.7800 (Reason: 4H Fibonacci extension level 1.382 from the previous wave )

🚀Target 2: 0.8200 (Reason: Daily measurement of upward potential and psychological round number )

🛡️Trade Management:

- Position Size: Standard lot (Reason: Multi-timeframe resonance, clear trend, but risk per trade should be controlled )

- Execution Strategy: After price reaches 0.7800, reduce position by 50%, move stop loss to entry price of 0.7360. If price surges quickly to around 0.8200 and shows signs of stagnation or long upper shadows, take full profit.

Deep Logic: Market depth data shows substantial buy-side strength, bid_ask_ratio_depth is 1.42, indicating buy dominance. The 1H RSI is at 71.51, high but not in extreme overbought territory, leaving room for further upside in a strong trend. The key point is the resonance between negative funding rate and rising price with stable open interest, which is the strongest short squeeze signal. Short covering will provide ongoing fuel. The 4H buy/sell ratio remains above 0.5, indicating continued inflow of main capital.

Trade here 👇 $PIPPIN

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