【$TAG Signal】Short squeeze continues, pullback is a buy signal

$TAG 1H RSI skyrocketed to 78.85, and the 4H RSI even surged to 81.25, operating in overbought territory. The 4H Bollinger Bands show the price above the upper band, MACD double lines continue to diverge upward, and volume and price are rising together with a solid structure. The order book in the 0.000785-0.000786 range is very thick, fully exposing the capital support intention.

🎯Direction: Long

⚡Entry/Order: Buy on pullback near 0.0007845, or aggressively try a small position at the current price of 0.0007884.

🛑Stop loss: 0.0005964

🚀Target 1: 0.0007877

🚀Target 2: 0.0007909

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move the stop loss to breakeven. If the price falls back to the entry level, exit automatically to protect the principal.

Currently, the funding rate is as high as 0.1378%, and open interest remains stable, which is typical fuel for a short squeeze. The 1H EMA20 and EMA50 have a golden cross and are opening upward, with buying pressure continuously pushing higher. In this environment, going against the trend to short is like playing with fire; following the trend to buy on pullback offers a better risk-reward ratio. Liquidity often dries up in the early hours of the weekend, and volatility may increase, so position management is key.

View real-time market 👇 $TAG
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