【$BLUR Signal】Short squeeze pullback, bulls gathering strength

$BLUR 1H timeframe surges then pulls back, price consolidates around 0.0228. The 4H Bollinger Band upper band at 0.0241 acts as resistance, but the 1H EMA20 at 0.0223 provides dynamic support. Funding rate is -0.18%, short positions face ongoing cost pressure, buy orders are clearly stacking below 0.0227, and selling is being quickly absorbed.

🎯Direction: Long

⚡Entry: Enter directly around the current price of 0.0228, or buy in batches on a pullback to the 0.0223-0.0225 zone.

🛑Stop loss: 0.0218

🚀Target 1: 0.0240

🚀Target 2: 0.0250

🛡️Trade management:
- Execution strategy: Reduce half of the position near Target 1, and push the rest to break even. If the price cannot stay above 0.0230, consider exiting early.

Position volume remains stable at 446 million, and after a 20% rally from lows, open interest has not decreased significantly, indicating it’s not purely spot-driven. Although the 1H MACD histogram has turned negative, the two lines remain above zero, indicating a strong adjustment. The 4H previous high at 0.0249, once broken, opens up space for further gains. In a negative funding rate environment, sideways price action without decline is itself a sign of strength, and short covering could become a future catalyst.

Check real-time market 👇 $BLUR
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