【$POLYX Signal】Short squeeze continues, pullbacks are opportunities

$POLYX After a violent surge on the 1H timeframe, the price has broken out above the upper Bollinger Band, RSI has soared to 88, indicating short-term overbought conditions. However, the 4-hour MACD histogram is still strongly expanding, open interest remains stable, and the negative funding rate is as high as -1.6%, indicating that the bears are being continuously squeezed. This trend is a pure meat grinder, but the bears are not dead, and the short squeeze continues.

🎯Direction: Pull back to go long

⚡Entry/Order: Buy in batches around 0.0463 - 0.0475

🛑Stop loss: Below 0.0459

🚀Target 1: 0.0521

🚀Target 2: 0.0544

🛡️Trade management:
- Execution strategy: After reaching the first target, move the remaining position’s stop loss up to the entry price. If the price cannot hold above 0.0500, consider exiting all positions.

Order book shows significant buy-side depth accumulating around 0.0542, indicating active support from funds. Although the 1-hour candlestick is far from the moving averages, the 4-hour structure has just broken through a previous dense trading zone, and momentum has not yet waned. In a negative funding rate environment, stable open interest means the main players have not exited. Every rapid pullback is an opportunity for bulls to add positions. The risk-reward ratio exceeds 4, making it worthwhile to use smaller positions to bet on trend continuation.

View real-time market 👇 $POLYX
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