【$FOGO Signal】Long - 1H pullback confirmation, negative funding rate short squeeze game

$FOGO The 1H timeframe is strongly oscillating above the EMA20 (0.0269), just completed a pullback confirmation on the 4H bullish candle (0.02427-0.02929). The negative funding rate (-0.1834%) combined with stable open interest suggests short squeeze potential. The 1H RSI (60.38) is healthy, and bullish momentum is building.

🎯Direction: Long (Long)

🎯Entry/Order: 0.0272 - 0.0273 (Reason: 1H EMA20 dynamic support zone + concentrated buy orders)

🛑Stop Loss: 0.0265 (Reason: Break below the start of the 4H bullish candle at 0.02654, invalidating bullish structure)

🚀Target 1: 0.0284 (Reason: 1H previous high resistance level)

🚀Target 2: 0.0293 (Reason: 4H previous high resistance, break above could reach 0.0300)

🛡️Trade Management:

- Position size suggestion: Light (Reason: Hot Coin has high volatility, control risk)

- Execution strategy: When price reaches 0.0284, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.0273. If the price strongly breaks through 0.0293, consider moving the stop loss to hold for greater gains.

Depth logic: Order book depth shows significant sell orders stacked above 0.0274-0.0275, but buy orders are more substantial in the 0.0272-0.0273 zone (over one million in total), forming a short-term support platform. Open interest remains stable, and the price refuses to drop sharply under the negative funding rate environment, indicating persistent short covering pressure. The 1H candlestick structure shows a high-level flag pattern consolidation, with a breakout imminent and a higher probability of an upward move.

View real-time market 👇 $FOGO

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