【$STX Signal】Long + Order Book Support & Negative Funding Rate Short Squeeze

$STX price precisely pulled back to the key round level of 0.25, with buy orders piling up in the order book like mountains, and support below as solid as rock. Although the 4H level shows a descending channel, the latest candle closed with a long lower wick, indicating strong buying intent from bulls in the 0.245-0.25 zone. More critically, the funding rate is deeply negative, with shorts paying high costs, setting the stage for a potential short squeeze scenario.

🎯 Direction: Long

⚡ Entry/Pending Order: 0.2490 - 0.2495

🛑 Stop Loss: 0.2441

🚀 Target 1: 0.2714

🚀 Target 2: 0.2824

🛡 ️Trade Management:
- Execution Strategy: When price reaches the first target, reduce position by 50% and move the stop loss of the remaining position up to entry price to secure capital safety. Let the remaining position run for profit to capture larger gains.

Deep Logic: Market sentiment suggests "selling pressure," but data reveals another side. Despite the price decline, open interest (OI) remains stable with no panic liquidations. Order book depth shows over 200,000 massive buy orders accumulated below the 0.25 round level, forming strong psychological and technical support. Meanwhile, the -0.0152% negative funding rate continuously drains shorts, and once price rebounds slightly, shorts covering could become an accelerator. This is not simply a decline, but rather longs and shorts building momentum for a showdown at a key level.

View Live Chart 👇 $STX
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