【$ALGO Signal】Short squeeze structure established, pullback presents a buying opportunity

$ALGO 1H level pullback confirmation, price is consolidating strongly around 0.1207. The 4-hour Bollinger Bands are opening upward, and the price remains below the upper band, indicating the bullish structure is intact. Although the MACD fast and slow lines on the 1-hour chart are still close at high levels, the histogram remains positive, suggesting momentum has not yet exhausted. The order book shows heavy buy orders below 0.1200, clearly indicating capital support.

🎯Direction: Long

⚡Entry/Orders: Layered entries between 0.1185 - 0.1195

🛑Stop Loss: 0.1150

🚀Target 1: 0.1340

🚀Target 2: 0.1460

🛡️Trade Management:
- Execution Strategy: After the price reaches 0.1340, reduce position by 50% to lock in profits, and move the remaining stop loss to the entry price. If the price cannot hold above 0.1220, consider partially exiting early.

Open interest remains stable, and the price has not experienced capital outflows after rising, indicating strength. The current negative funding rate persists, increasing the cost pressure on short positions, setting the stage for a potential short squeeze. The 1-hour RSI has pulled back from overbought territory to around 75 for a healthy correction. The area between 0.1180 and 0.1195 is a dense accumulation zone from the previous rally and is near the 1-hour EMA50, suggesting strong support. This divergence between volume, price, and open interest often signals that the wave is not over yet.

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