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【$DRIFT Signal】Pullback to add long, main funds clearly intend to support
$DRIFT The 1H timeframe is building a base around 0.031, with buy orders significantly deeper than sell orders, fully revealing the support intention of funds. The 4H MACD histogram has turned red and expanded, and the price has already broken above the middle band of the Bollinger Bands, but the current price of 0.03267 still has room to reach the 1H EMA20 (0.0330). Chasing high directly offers a poor risk-reward ratio.
🎯Direction: Pullback to go long
⚡Entry: Place orders around 0.0300 - 0.0305
🛑Stop-loss: Below 0.0290
🚀Target 1: 0.0345
🚀Target 2: 0.0390
🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce half of the position, and move the stop-loss of the remaining position up to the entry price. If the price fails to reach the entry zone and instead surges, abandon chasing the high.
Order book data shows a thick cluster of orders below 0.0325, with selling pressure quickly absorbed. Negative funding rates combined with stable open interest suggest potential for a short squeeze. The 1H RSI is around 48, with ample upward space. Patience to wait for a pullback at this level is more aligned with the current oscillating accumulation structure than chasing the rally.
View real-time quotes 👇 $DRIFT
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