【$BLUR Signal】Short squeeze in progress, pullback presents an opportunity

$BLUR 1H timeframe shows a rally followed by consolidation at high levels, RSI soaring to 88.75, buying momentum extremely exuberant. The 4-hour chart indicates price has broken out of the upper Bollinger Band, with MACD lines strongly diverging. Market data shows significant sell orders accumulating above 0.0237, forming a short-term resistance wall.

🎯Direction: Long (buy on pullback)

⚡Entry/Order: 0.01988 - 0.02040 range for placement

🛑Stop-loss: 0.01890

🚀Target 1: 0.02639

🚀Target 2: 0.02938

🛡️Trade management:
- Execution strategy: After reaching the first target, reduce position by half, and move the remaining stop-loss up to the entry price. If the price cannot hold above 0.0225, consider exiting early.

Funding rate is as low as -0.4%, but open interest remains stable, forcing shorts to pay high fees—classic short squeeze fuel. The 1-hour EMA20 at 0.0205 provides dynamic support, closely aligning with the suggested entry zone. Buy orders below at around 0.0236 are unusually thick, indicating clear support from funds. This divergence between negative funding rates and strong price action often signals that short covering-driven upward momentum is not over. Risk-reward ratio exceeds 4, making it worthwhile to use smaller positions to bet on the continuation of this potential short squeeze.

Check real-time market 👇 $BLUR
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‍#四月行情预测 #加密市场普遍上涨 #金银同步走强