【$COOKIE Signal】Long (Pullback Entry) — 1H strong pullback to EMA20, negative funding rate short squeeze structure

$COOKIE On the 1H timeframe, after experiencing nearly 20% violent surge, the price is undergoing a healthy pullback, approaching the key moving average support on the 1-hour chart. The 4H timeframe has formed a clear upward trend, with the price above all moving averages and open interest remaining stable, indicating that funds have not exited. The current negative funding rate combined with a firm price creates a potential short squeeze structure, with buy-side depth far exceeding sell-side, providing ample support for the pullback.

🎯Direction: Long

⚡Entry/Order: 0.02127 - 0.02174 staggered entries

🛑Stop Loss: 0.02051

🚀Target 1: 0.02326

🚀Target 2: 0.02402

🛡️Trade Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to the entry price. Track the remaining position using the 1H EMA20 as a trailing take-profit line. If the price cannot hold above the upper boundary of the entry zone, exit decisively.

Depth Logic: The 1-hour RSI has healthy retraced from overbought territory to around 65, building momentum for another upward move. Market depth data shows unusually thick buy-side depth, with a depth imbalance rate as high as 9.71%, indicating strong support below. The 4-hour volume and price are rising together, with active buying and open interest remaining stable after a significant price increase, suggesting that the move is not solely driven by short covering but may involve new long positions. Coupled with a notably negative funding rate, short positions face high holding costs, and once the price stabilizes and rebounds, a short squeeze is highly likely.

View real-time market 👇 $COOKIE

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