【$SNX Signal】Long! 1H pullback confirmation, negative fee rate short squeeze script initiated

$SNX The 1H timeframe is consolidating strongly above EMA20 (0.3228), with a recent lower shadow confirming support. The 4H timeframe has broken through the previous consolidation platform with increased volume, indicating a trend reversal to bullish. Currently, the negative fee rate is as high as -0.7583%, combined with firm prices, a typical short squeeze structure is brewing.

🎯Direction: Long (Long)

🎯Entry/Order: 0.337 - 0.340 (Reason: Above the EMA20 support zone on the 1H timeframe, buy orders are stacking )

🛑Stop Loss: 0.322 (Reason: Break below the EMA50 on the 1H timeframe and the previous low of the 4H candle )

🚀Target 1: 0.350 (Reason: Resistance at the previous high on the 4H timeframe )

🚀Target 2: 0.365 (Reason: 1.618 extension based on ATR )

🛡️Trade Management:

- Position size suggestion: Standard position (Reason: Confirmation of 4H breakout, healthy 1H structure, risk-reward ratio >1.5 )

- Execution strategy: After price reaches 0.350, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.337. If the price strongly breaks through 0.350 and stabilizes, hold the remaining position to target the second goal.

Deep logic: Volume on the 4H timeframe has surged significantly, with buy dominance (buy_sell_ratio > 0.5), which is a clear signal of institutional entry. Open interest (OI) remains stable; the price surges without a decrease in OI, ruling out a short covering rebound and indicating new long positions entering. The 1H RSI (62.81) is healthy, not overbought, leaving room for further upside. Market depth shows buy orders (below 0.338) far exceed sell orders (above 0.339), providing strong support. In a negative fee environment, short positions have extremely high costs, and any upward movement could trigger chain liquidations.

Check real-time market 👇 $SNX

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