【$ORCA Signal】Pullback to Long + 1H Strong Consolidation, Expectation of Short Squeeze with Negative Funding Rate

$ORCA The 1H timeframe has experienced a massive rally and is currently consolidating strongly at high levels. The price is oscillating within the 1.107-1.178 range, with the 1H EMA20 (1.074) providing dynamic support. The key point is that: the 4H timeframe has broken through the long-term downtrend with a massive volume, and the funding rate is as high as -0.3648%, indicating a strong expectation of a short squeeze. Open interest remains stable, and the price has not fallen sharply, showing strong bullish support. Currently, the 1H RSI (59.84) is healthy after exiting the overbought zone, preparing for another upward move.

🎯Direction: Long (Long)

🎯Entry/Orders: Enter in batches within the 1.105 - 1.115 range (Reason: 1H consolidation lower boundary + 1H EMA50 dynamic support + dense buy orders on the order book)

🛑Stop Loss: 1.079 (Reason: Breaks below the previous rally start point, which is also a recent strong support at the 1H level. If broken, the short-term bullish structure is invalidated)

🚀Target 1: 1.228 (Reason: Previous high resistance level, also the first target on the 4H timeframe)

🚀Target 2: 1.300 (Reason: Fibonacci extension at 1.618 based on the recent rally wave)

🛡Trade Management:

- Position suggestion: Light position (Reason: Intraday gains have exceeded 40%, volatility is high, strict risk control is necessary)

- Execution strategy: Use staggered entry, average entry price around 1.110. After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold remaining position to aim for Target 2. If the price retraces to 1.150 (former support turned resistance) and faces resistance, consider exiting all positions.

Deep logic: This is a typical short squeeze game. Negative funding rates imply extremely high costs for short positions, and after a massive rally, the price refuses to retrace deeply. Open interest remains stable, indicating shorts are not exiting en masse and may be adding to their positions. The order book shows buy depth (1.10-1.107) significantly thicker than sell orders (above 1.111), providing immediate support. The 1H chart is digesting profit-taking through time, and once volume increases again to break 1.178, it will directly challenge the previous high. Risks include a weakening overall market sentiment or profit-taking leading to a deep correction, so stop-loss must be carefully managed.

Check real-time market 👇 $ORCA

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