【$DRIFT Signal】Pullback to buy, MACD golden cross and deep bottom resonance

$DRIFT 1H timeframe pullback to EMA20 finds support, price consolidates around 0.0444. 4-hour MACD shows a bearish crossover below zero, histogram bars continue to shrink, indicating weakening bearish momentum. Market data shows buy orders significantly thicker than sell orders in the 0.0442 to 0.0443 range, with clear capital support intent. The current negative funding rate is as high as -0.545%, but open interest remains stable, indicating bears have not actively exited, with potential for short squeeze.

🎯Direction: Long

⚡Entry/Orders: Layered entries between 0.0428 and 0.0436

🛑Stop Loss: 0.0427

🚀Target 1: 0.0472

🚀Target 2: 0.0489

🛡️Trading Management:
- Execution Strategy: After reaching the first target, reduce position by 50% and move stop loss up to the entry price. Hold remaining position for the second target. If price pulls back and breaks below the trailing stop, exit all.

1-hour RSI is around 53, with neutral to slightly strong momentum. The 4-hour Bollinger middle band at 0.0417 provides strong support below, and the price is currently above the middle band. Open interest has not decreased with the price pullback, indicating that longs are not panicking out. The area between 0.047 and 0.048 is a dense supply zone from previous highs, so selling pressure exists, but strong support is also present below. The risk-reward ratio is close to 4:1, making this layered entry quite favorable.

View real-time market 👇 $DRIFT
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