【$SANTOS Signal】Short squeeze in progress, a pullback is a buying opportunity

$SANTOS The 4-hour timeframe price has broken out above the upper Bollinger Band, MACD histogram is still expanding, but 1-hour momentum is beginning to converge. Open interest remains stable, funding rate has turned positive, and bears are facing continued pressure.

🎯Direction: Long

⚡Entry/Order: Enter in batches within the 1.048 - 1.075 range

🛑Stop loss: 1.047

🚀Target 1: 1.186

🚀Target 2: 1.242

🛡️Trade management:
- Execution strategy: After reaching the first target, reduce half of the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 1.075, consider exiting early.

Buy order depth far exceeds sell order depth, with an imbalance over 12%, indicating strong support below. The 1-hour RSI has fallen from high levels to around 66, providing a healthier entry window. The current risk-reward ratio is close to 4:1, making the odds quite favorable, with the key being precise entry on the pullback. This structure of stable open interest and positive funding rate often signals that the short squeeze has not yet ended.

View real-time market 👇 $SANTOS
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