【$AIOT Signal】Short squeeze in progress, pullback presents an opportunity

$AIOT 1H RSI skyrocketed to 91.6, price pushed above the upper Bollinger Band, a typical overbought overheating signal. But open interest remains stable, funding rate has turned positive, and the bears are being squeezed. The 4-hour MACD histogram continues to expand, indicating buying momentum is still strong.

🎯Direction: Long (buy on pullback)

⚡Entry/Order: 0.01174 - 0.01204 zone for placement

🛑Stop Loss: 0.01120

🚀Target 1: 0.01540

🚀Target 2: 0.01708

🛡️Trade Management:
- Execution Strategy: Reduce position by 50% after reaching Target 1, and move stop loss to break-even. If the price falls back into the entry zone, exit automatically to protect capital.

Order book shows heavy sell orders above 0.0150, indicating short-term resistance. However, buy orders below are very thick, with dense orders from 0.0148 to 0.0140, clearly showing a bottoming effort. The 1-hour price has already moved away from the moving averages, making chasing higher risky with poor risk-reward. Patience for a technical pullback is better; structural support near 0.0120 is an ideal entry point. The current risk-reward ratio is close to 4:1, making it worthwhile to use a smaller position to bet on the continuation of the short squeeze.

Check real-time market 👇 $AIOT
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