【$COOKIE Signal】Long - 1H Strong Breakout, Negative Funding Rate Short Squeeze in Progress

$COOKIE 1H Level Strong Rally, Price has stabilized above the short-term moving average with strong momentum. The 4H chart shows a three consecutive bullish candles breakout pattern. Although RSI indicates short-term overbought conditions, the negative funding rate combined with stable open interest suggests potential for a short squeeze. Pullbacks are opportunities.

🎯Direction: Long

⚡Entry/Order: 0.0192 - 0.0196 (Waiting for a pullback to enter)

🛑Stop Loss: 0.0185

🚀Target 1: 0.0215

🚀Target 2: 0.0230

🛡️Trade Management:

- Execution Strategy: Reduce position by 50% after reaching Target 1, and move stop loss up to entry price 0.0196. Trail the remaining position with a take profit. If the 1H closing price drops below EMA20 (currently around 0.0196), exit all positions.

Deep Logic: After a volume breakout, the price consolidates at a high level. The buy order depth in the 0.0207-0.0208 range is unusually thick, indicating strong support from major players. The key points are the negative funding rate and stable open interest, fueling the short squeeze potential. Although the 1H RSI is high, it hasn't become dull, and the 4H trend has just started. A pullback to the optimized entry zone offers the best risk-reward ratio for entry.

View real-time market 👇 $COOKIE

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