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【$BULLA Signal】Short squeeze pullback—sniper for a second pulse
$BULLA 1H level RSI surged to 84, and the 4H Bollinger Bands completely broke out above the upper band. The price has already deviated from the EMA20 by nearly 50%. There is a gap in buy-side support, and clear distribution characteristics at high levels are evident. In a negative funding rate environment, open interest remains stable, and the shorts are being passively absorbed.
🎯 Direction: Wait and watch (place pullback limit orders)
⚡ Entry / Limit Orders: 0.008924 - 0.009154
🛑 Stop Loss: 0.008100
🚀 Target 1: 0.013370
🚀 Target 2: 0.015478
🛡️ Trade Management:
- Execution Strategy: After reaching Target 1, reduce 50% of the position, and move the stop loss up to the break-even level. If the price falls back to the entry area, you will be automatically exited to protect the principal.
This spike up is purely an emotional release, but the 4-hour MACD histogram bars are still expanding, and bullish momentum has not completely exhausted. The order-book depth shows extremely thick limit orders around 0.0116, exposing the intention to backstop with capital. Chasing higher prices right now is extremely risky; the risk-reward ratio is unbalanced. Wait patiently for the price to pull back to the 1H level EMA20 area—this is a high concentration zone of capital costs, where the support will be more solid.
Check real-time market 👇 $BULLA
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