【$DOGE Signal】Long - 1H breakout and retest confirmation, building momentum under negative funding rate

After consolidating in the 0.0985-0.0994 range on the 1H timeframe, the price surged with volume in the latest hour, breaking above EMA20_1H (0.0985) and testing recent highs. Although the 4H timeframe remains in a wide-range consolidation, the price has stabilized above multiple candle bodies, and the negative funding rate (-0.0108%) hints at a potential short squeeze. Open interest remains stable, prices are rising while positions are not decreasing, indicating this is not solely driven by short covering. The order book shows sell orders accumulating above 0.0994, but buy depth remains decent, with an imbalance of -2.37% within normal range. Currently, this is the first retest and confirmation point after the breakout, with short-term momentum leaning bullish.

🎯Direction: Long $DOGE Long(

🎯Entry/Order: 0.0991 - 0.0993 )Reason: After the 1H breakout, retest of EMA20_1H support zone and the top of the previous hour’s candle body(

🛑Stop Loss: 0.0984 )Reason: Break below the 1H consolidation lower boundary and previous low support, ATR approximately 0.0019(

🚀Target 1: 0.1008 )Reason: 4H previous high resistance and psychological round number(

🚀Target 2: 0.1020 )Reason: 0.618 Fibonacci retracement of the recent daily downtrend(

🛡️Trade Management:

- Position suggestion: Light position )Reason: 4H trend is not fully clear, this is a 1H momentum trade, risk control is necessary(

- Execution strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to entry at 0.0993. If the price cannot hold above 0.0995 and falls back into the entry zone, consider actively exiting.

Deep logic: RSI_1H has risen to 59, exiting the neutral zone, indicating short-term buying momentum. The key is whether the price can hold above 0.0992 at the 1H close. Under negative funding rate conditions, if the price continues to stay above current levels and open interest begins to rise, it could trigger a short squeeze. Market logic suggests “price rising, consider position size,” with open interest stable, leaning towards main players defending or mildly accumulating rather than pure short covering, providing a healthier foundation for subsequent upward movement. The 0.0980-0.0985 zone below is a dense trading area with strong support.

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