【$KERNEL Signal】Pullback to go long / Main force clearly intends to squeeze the short sellers

$KERNEL After a surge on the 1H timeframe, the price consolidates at high levels with RSI soaring to 85, indicating short-term overheating. However, the 4-hour MACD remains bullish with a sustained expansion, open interest stays stable at a high of 128 million USD, and the price remains firm near the upper Bollinger Band. After this rally, funds have not exited en masse, with a high negative funding rate of -1.8%, continuously squeezing the shorts.

🎯Direction: Pullback to go long

⚡Entry: Place orders in the 0.0885 - 0.0907 range for accumulation

🛑Stop-loss: Below 0.0830

🚀Target 1: 0.1213

🚀Target 2: 0.1366

🛡️Trade Management:
- Execution strategy: After reaching the first target, reduce half of the position, and move the remaining stop-loss up to the entry price. If the price cannot hold above 0.1120 and falls back, consider exiting early.

Order book depth shows far more buy orders than sell orders, with an imbalance of 14%, and heavy orders around 0.1118 below. Although the 1-hour timeframe is overbought, the 4-hour trend structure remains intact, with EMA20 and EMA50 forming a dense support zone near 0.085. In this negative funding rate environment, open interest is stable or increasing, indicating a typical bullish squeeze structure. Pullbacks are opportunities. The risk-reward ratio exceeds 4:1, making it worthwhile to use smaller positions to bet on trend continuation.

Check real-time market 👇 $KERNEL
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