【$PIXEL Signal】Pullback to go long, short squeeze structure begins to emerge

$PIXEL The 4-hour price level has broken out of the upper Bollinger Band, and the 1-hour RSI has surged to 73, indicating short-term overheating. However, the funding rate is -0.1866%, and open interest remains stable. Shorts are paying high fees, which is typical fuel for a short squeeze. The 1-hour buy orders are heavily stacked around 0.00977, and the price is refusing to deepen its correction.

🎯Direction: Long

⚡Entry/Orders: Layered entries in the 0.00873 - 0.008955 range

🛑Stop loss: 0.00870

🚀Target 1: 0.009975

🚀Target 2: 0.010485

🛡️Trade management:
- Execution strategy: Half position at Target 1, remaining position’s stop loss moved up to entry price. If the price cannot hold above 0.0095, consider exiting early.

In a negative fee environment, open interest has not collapsed, indicating that short positions are trapped but still holding on. The 1-hour MACD momentum bars have contracted, but both lines remain above the zero axis, indicating a consolidation in the upward trend. The order wall from 0.00977 to 0.00976 below is the first line of defense for bulls intraday; breaking below would break the structure. The risk-reward ratio exceeds 4, making it worthwhile to use a tight stop to seek upside potential.

Check real-time market 👇 $PIXEL
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