#Gate2月透明度报告 【$SXT Signal】Short squeeze continues, pullbacks are buying opportunities

$SXT 1H timeframe is currently in a high-level consolidation after an epic short squeeze, with the price stabilizing above all short-term moving averages following a massive rally. A single daily volume bullish candle on the 4H chart has directly reversed the downward trend, forming a V-shaped reversal. The current negative funding rate is as high as -0.726%, with open interest remaining stable, and the price holding firm. This is a typical short squeeze characteristic; bears are being continuously squeezed, and any minor pullback could trigger a new round of short covering rally.

🎯Direction: Long

⚡Entry/Order: Wait for the price to pull back to the 0.01862 - 0.01910 range to gradually accumulate. Strictly avoid chasing near the current price of 0.024!

🛑Stop Loss: 0.01820

🚀Target 1: 0.02272

🚀Target 2: 0.02453

🛡️Trade Management:

- Execution Strategy: Use staggered entry, with total position built within the recommended range. After reaching Target 1, reduce position by 50%, and move the stop loss of the remaining position up to the entry price. Hold the remaining position to aim for Target 2. If the price fails to break above the previous high of 0.02475 and shows signs of stagnation, close all positions to take profit.

Deep Logic: Over the past 4 hours, trading volume surged nearly 600M, dozens of times higher than previous levels, indicating a clear signal of main capital entering the market. Although the 1-hour RSI is in the overbought zone, in a short squeeze environment, overbought conditions can persist. Market depth data shows unusually thick buy orders below, with strong support. Coupled with the massive negative funding rate, short positions have extremely high costs, and any rebound will increase their losses, providing excellent leverage for longs. Currently, the price is far from the optimal entry zone; patience for a pullback offers a better risk-reward trading opportunity.

View real-time market 👇 $SXT

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