【$AGLD Signal】Long - 1H strong breakout, funding squeeze in progress

$AGLD The 1H timeframe has experienced a significant rally and is currently consolidating strongly at high levels. A single massive bullish candle on the 4H chart has directly reversed the downward trend, forming a V-shaped reversal. The current price is consolidating strongly above the 1H EMA20 (0.3086). Although the 1H RSI (76.62) is high, it has not become dull, indicating that buying pressure remains strong. The key point is: a massive negative funding rate (-0.6250%) combined with firm prices is a typical short squeeze signal, with enormous pressure on shorts to cover.

🎯Direction: Long (Long)

🎯Entry/Order: 0.3790 - 0.3810 (Reason: The lower boundary of the current strong consolidation zone, close to the 1H EMA20 support band)

🛑Stop Loss: 0.3650 (Reason: Falling below the previous 1H correction low and EMA50 support, invalidating the short squeeze logic)

🚀Target 1: 0.3950 (Reason: Breaks above the previous high of 0.3929, testing a psychological round number)

🚀Target 2: 0.4150 (Reason: Based on the recent upward wave height and the 1.382 Fibonacci extension level)

🛡️Trade Management:

- Position suggestion: Light position (Reason: Intraday gain has exceeded 39%, volatility is extremely high, risk and opportunity coexist)

- Execution strategy: After the price reaches 0.3950 (Target 1), reduce position by 50%, and move the stop loss of the remaining position up to the entry price of 0.3790. If the price strongly breaks through 0.3950 and stabilizes, hold the remaining position towards 0.4150.

Deep logic: The 4H volume has exploded, with buy/sell ratio stable above 0.5, indicating genuine buying support during the rally. Open interest (OI) remains stable; the price surges while OI does not decrease, suggesting it’s not just short-term profit-taking by longs. There may be new funds entering or shorts forced to cover. Market depth shows large buy orders (76560) at 0.3788, forming a short-term support wall. The negative funding rate is the core driving force; short positions have extremely high costs, and any small upward move could trigger chain liquidations. This is a typical momentum + short squeeze driven market.

Check real-time quotes 👇 $AGLD

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