【$GWEI Signal】Short squeeze pullback, second attempt to break higher

$GWEI 1H timeframe: after a surge and pullback, RSI skyrocketed to 87.48, with a clear buy-side gap. The 4-hour chart shows price has broken above the upper Bollinger Band, short-term moving averages are golden cross, and the upward channel is open. Currently around 0.0527, with dense sell orders above, chasing the high directly carries great risk.

🎯Direction: Pullback to go long

⚡Entry/Order: Accumulate in the 0.0446 - 0.0458 range

🛑Stop Loss: 0.0434

🚀Target 1: 0.0553

🚀Target 2: 0.0600

🛡️Trade Management:
- Execution strategy: After reaching the first target, reduce position by half, and move the stop loss of the remaining position up to the entry price. If the price cannot hold above the upper boundary of the entry zone, exit proactively.

Order book depth shows buy orders clustered around 0.0526, but selling pressure is heavier. Open interest remains stable, funding rate is slightly negative, indicating a short squeeze foundation. The 1-hour MACD is still expanding, but RSI is severely overbought, requiring a healthy correction to release pressure. The risk-reward ratio is close to 4, making this a good spot to wait patiently for a pullback confirmation.

View real-time market 👇 $GWEI
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