【$GWEI Signal】Long Breakout! 1H Level Strong Short Squeeze, Funding Rate and OI Divergence!

$GWEI The 1H timeframe is currently consolidating at a high level after a violent surge, with the price strongly trading sideways around 0.0478. The key point is: 1H RSI is as high as 84.16, extremely overbought, but the price refuses to pull back, and open interest (OI) remains stable. The funding rate is still positive (0.0273%). This indicates that the shorts are being squeezed, and the main force is clearly defending the market. The 4H chart has formed a large bullish breakout candle, and the trend has shifted to bullish. Currently, sell orders are stacked above 0.04795. Once broken, it will trigger a new round of stop-loss orders from the shorts.

🎯Direction: Long (Long)

⚡Entry/Order: 0.04800 (Place buy stop order above the current high)

🛑Stop Loss: 0.04600

🚀Target 1: 0.05050

🚀Target 2: 0.05300

🛡️Trade Management:

- Position suggestion: Light position

- Execution strategy: Use breakout chasing orders. After the order is filled, if the price quickly rises, reduce 50% of the position near Target 1, and move the remaining stop loss up to the entry price of 0.04800. If the price fails to break through and the order is not filled, abandon the order and do not chase the high.

Deep Logic: This is a typical short squeeze scenario. The 1H price surged over 30%, but OI remained stable rather than decreasing, indicating this is not just a simple spot rally but involves new bullish funds entering to take profits and close shorts. The order book shows a large accumulation of sell orders above 0.04795 (about 41,000 USDT), which is a clear resistance level and the trigger point for a breakout. Market logic suggests “price rises, combined with position data,” current data points to “main force entering.” Despite the extremely high RSI, in a hot coin short squeeze scenario, overbought can become more overbought. The risk is chasing the high, so strict breakout orders and tight stop-losses are essential.

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