【$CFG Signal】Short squeeze buildup, pull back to add longs

$CFG 1H timeframe shows a sharp rise followed by a pullback, volume increases but the price has not broken previous highs, typical profit-taking. The upper band of the 4H Bollinger Bands at 0.1708 acts as short-term resistance, but the MACD double lines are still expanding above the zero line, indicating the trend is intact.

🎯Direction: Long

⚡Entry/Order: Buy in stages within the 0.1615 - 0.1635 range

🛑Stop Loss: 0.1585

🚀Target 1: 0.1750

🚀Target 2: 0.1805

🛡️Trade Management:
- Execution Strategy: Take half profit at Target 1, move the remaining stop loss to the entry price. If the price cannot hold above 0.1680, consider exiting early.

Negative funding rate as high as -0.63%, but open interest remains stable, indicating longs are paying high costs. On the 1-hour chart, buy orders below 0.1660 are accumulating significantly, and the order book shows imbalance, suggesting support from funds. In this structure, a pullback is essentially buying opportunity, with a risk-reward ratio over 4:1, worth a try.

View real-time market 👇 $CFG
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