【#Gate2月透明度报告 Signal】Short-term Short: 1H top divergence confirmed, funding rate abnormally high

On the 1H timeframe, there is a clear spike and pullback near 0.2588, forming a long upper shadow, and price shows top divergence with RSI, indicating momentum exhaustion. The 4H timeframe has been repeatedly resisted around 0.2600, forming a local triple top structure, and the trend has shifted to sideways with a bearish bias. Currently, the price is testing the 1-hour EMA20 support. If it breaks below, the downward space will open.

🎯Direction: Short

⚡Entry/Order: 0.2547 - 0.2557

🛑Stop Loss: 0.2575

🚀Target 1: 0.2468

🚀Target 2: 0.2433

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price to lock in profits. Hold the remaining position for Target 2. If the price rebounds and breaks above the 1-hour EMA20, exit early.

$STX Depth Logic: Funding rate is as high as -0.0048%, indicating that short positions need to pay fees, but the price has not risen strongly as a result, showing strong shorting force and risk of a short squeeze. Order book data shows dense sell orders in the 0.2560-0.2570 range, forming a short-term strong resistance. Open interest remains stable, and the price decline is driven by active selling pressure rather than long liquidation. The 1-hour RSI is turning downward near 50, indicating weakening momentum. $STX

View real-time market 👇 (
---

Follow me: Get more real-time analysis and insights on the crypto market! )$STX
$BTC