【$FLUID Signal】Short squeeze rebound, long positions hidden

$FLUID 1H timeframe spikes then consolidates with decreasing volume, price is firmly pressing below the Bollinger upper band at 2.07. The 4H MACD histogram is still expanding, but the 1H histogram has started to contract, indicating the first signs of weakening bullish momentum. The order book depth favors buy orders over sell orders by 11.9%, but the latest hour’s buy order ratio has sharply dropped to 36%, showing that chasing the high is losing momentum.

Price has formed a small support zone between 1.94-1.97, which is both a psychological level and a short-term balance point between bulls and bears. Negative funding rates combined with stable open interest suggest that shorts are still paying passive costs, fueling the potential for a short squeeze.

🎯Direction: Pullback to go long

⚡Entry/Order: Conceal near the lower boundary of the 1.745 - 1.951 range, specifically around 1.75

🛑Stop loss: 1.681

🚀Target 1: 1.962

🚀Target 2: 1.970

🛡️Trade management:
- Execution strategy: Reduce position by half after price hits 1.962, move remaining stop loss up to the entry price. If the price fails to hold above 1.94 and drops below the entry zone again, consider exiting early.

The current risk-reward ratio isn’t high; the main game is the secondary push from short covering driven by negative funding rates. The RSI on the 1H chart falling from a high of 78 to a neutral zone is a window to observe buying strength. If the price can hold at this level and buy order ratio rebounds, it signals a potential restart. Chasing the current price purely is an asymmetrical risk-reward play.

Check real-time market 👇 $FLUID
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