【$STX Signal】Long + Order Book Support with Negative Funding Rate Squeeze

$STX price precisely retraced to the key round level of 0.25, with buy orders piling up at the order book, and strong support below like a rock. Although the 4H timeframe shows a downtrend channel, the latest candle closed with a long lower wick, indicating strong absorption intent from bulls in the 0.245-0.25 zone. More importantly, the funding rate is deeply negative, with short positions paying high costs, setting the stage for a potential short squeeze.

🎯 Direction: Long

⚡ Entry/Pending Order: 0.2490 - 0.2495

🛑 Stop Loss: 0.2441

🚀 Target 1: 0.2714

🚀 Target 2: 0.2824

🛡 ️Trade Management:
- Execution Strategy: When price reaches the first target, reduce position by 50%, and move the stop loss of the remaining position up to entry price to secure capital. Let the remaining position run for profit and capture larger gains.

Deep Logic: Market signals suggest "selling pressure," but data reveals another story. Despite the price decline, open interest (OI) remains stable with no panic liquidations. Order book depth shows massive buy orders exceeding 200,000 units accumulated below the 0.25 round level, forming strong psychological and technical support. Meanwhile, the -0.0152% negative funding rate continuously consumes shorts, and once the price rebounds slightly, short covering may become an accelerator. This is not a simple decline, but rather a standoff with both bulls and bears building strength at a critical level.

View Real-time Market 👇 $STX
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