【$RPL Signal】Pullback to Long! 1H Level Shrinking Volume Stabilizes, Negative Funding Rate Short Squeeze Expectations Remain

$RPL The 1H level has entered a phase of shrinking volume consolidation after a sharp rise, with prices oscillating narrowly between 2.31-2.33. This is a typical profit-taking phase. Looking at the 4H level, prices are still well above the EMA50 (1.87) and EMA20 (2.11), indicating the medium-term upward trend remains intact. The key point is: the negative funding rate (-0.1046%) persists. If the price can stabilize here, the short covering pressure will once again fuel the rally.

🎯Direction: Long (Long)

🎯Entry/Order: 2.310 - 2.320 (Reason: Support at the lower boundary of the current consolidation zone, dense trading zone on the 1H level )

🛑Stop Loss: 2.250 (Reason: Break below the recent 1H low of 2.288 and below the 4H EMA20 support )

🚀Target 1: 2.450 (Reason: Previous rebound high resistance, also the EMA20 resistance on the 1H level )

🚀Target 2: 2.630 (Reason: The previous high resistance formed by yesterday’s sharp rise on the 4H level )

🛡Trade Management:

- Position Size Suggestion: Light (Reason: Daily increase exceeds 21%, volatility is extremely high, strict risk control needed )

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 2.32. If the price strongly breaks through 2.45, move the stop loss up to 2.40 to aim for Target 2.

Deep Logic: Current open interest (OI) remains stable and has not dropped significantly with the price correction, indicating that the main bullish players have not exited in large scale. The 1H RSI (45.27) has fallen from overbought to neutral, preparing for another upward move. Market depth shows thick sell orders (above 2.33), requiring volume to break through, but dense buy orders (2.30-2.31) below provide strong support, making short-term breakdown difficult. The core game point is the potential short squeeze under the negative funding rate environment.

View real-time market 👇 $RPL

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