【$GPS Signal】Long - 1H strong breakout, capital inflow supports the rally

$GPS The 1H timeframe is consolidating strongly above the EMA20, recently forming a bullish engulfing pattern with strong momentum. The 4H timeframe has broken through the previous consolidation platform, forming an upward relay structure. Stable open interest indicates that funds have not exited, and the negative funding rate suggests bearish pressure. This is a typical precursor to a short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 0.01290 - 0.01295 (Reason: Currently at the upper edge of a strong consolidation zone, dynamic support from 1H EMA20 )

🛑Stop Loss: 0.01240 (Reason: Break below the previous low on 1H and the start of the 4H bullish candle, ATR-based stop loss )

🚀Target 1: 0.01350 (Reason: Previous high resistance and psychological level )

🚀Target 2: 0.01420 (Reason: Near the high on February 9th, 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position Size Recommendation: Standard position (Reason: Multi-timeframe resonance, risk is controllable )

- Execution Strategy: After the price reaches 0.01350, reduce position by 50% to lock in profits, and move the remaining stop loss up to 0.01280 (break-even). If the price strongly breaks through 0.01310, consider adding a small position on a pullback.

Deep Logic: Market depth shows buy orders concentrated below 0.01290, forming a dense support wall. Although the buy/sell ratio data is neutral, open interest remains stable after the price rally, indicating that the move is not purely driven by short covering but also new long positions entering. The 1H RSI is as high as 71.5 but shows no bearish divergence, indicating a strong market. The persistent negative funding rate fuels the potential for a short squeeze. The key is whether the price can hold above 0.0130 to open up space.

View real-time market 👇 $GPS

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