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$SNX Signal】Short squeeze continues, 1H pullback to go long, betting on a second surge
$SNX The 1H timeframe has entered a high-level consolidation after a strong rally, with the price staying close above the EMA20(1H), indicating a strong correction. The 4H timeframe has already broken through the previous consolidation platform, forming a clear upward trend. The key points are: the negative funding rate is as high as -0.29%, open interest remains stable, yet the price continues to stay firm. This is a typical short squeeze structure, with shorts paying a high cost. Any pullback could trigge