【$POLYX Signal】Short squeeze continues, dip to go long

$POLYX 1H timeframe experienced a violent surge, the price has already broken above the upper Bollinger Band, RSI soared to 81.65, indicating short-term overheating. However, the 4-hour MACD histogram is still strongly expanding, open interest remains stable, and the negative funding rate is as high as -1.3857%, indicating persistent short squeeze. The order book shows frantic order cancellations, with sell orders heavily stacked above 0.0522, forming a classic long-short tug-of-war zone.

🎯Direction: Pullback to go long

⚡Entry/Order: Enter within the 0.04590 - 0.04677 range

🛑Stop Loss: Below 0.04590

🚀Target 1: 0.05022

🚀Target 2: 0.05195

🛡️Trade Management:
- Execution Strategy: After reaching the first target, move half of the position’s stop loss to the entry price. Hold the remaining position to aim for the second target. If the price pulls back into the entry zone and breaks below, exit unconditionally.

The 4-hour candlestick has made a massive breakout from the previous consolidation range, indicating active capital attack. Despite the 1-hour timeframe being overbought, the negative funding environment puts enormous pressure on short covering. The unchanged open interest suggests major players have not exited. There are thick buy orders in the 0.0519 to 0.0520 range below, forming the first line of defense. In this structure, deep pullbacks are opportunities, with a risk-reward ratio exceeding 4:1, making it worthwhile to use smaller positions to bet on the continuation of the short squeeze.

Check real-time market 👇 $POLYX
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