【$BLUR Signal】Pullback to go long, betting on a second surge

$BLUR 1H level surge and pullback, 4H Bollinger Bands opening upward, but 1H MACD histogram contracting, weakening momentum. Market depth imbalance -1.46%, sell orders slightly thicker. Funding rate -0.2737%, short positions have high holding costs, with potential for short squeeze.

Price retracement to the 0.02244 - 0.02550 range can be used to add long positions, which is a key area for bulls to defend.

🛑Stop-loss must be placed below 0.02149; a breakdown would break the short-term structure.

🚀First target is 0.02562, which is the previous minor resistance level.

🚀Second target is 0.02573, close to the upper band of the 1H Bollinger.

🛡️Trading management:
- Execution strategy: After reaching the first target, reduce position by half, and move the remaining stop-loss up to the entry price. If the price cannot hold above the upper boundary of the entry zone, exit proactively.

The 4-hour MACD is still expanding, indicating the trend remains unchanged. However, on the 1-hour chart, buy orders above 0.026 show a gap, with three consecutive high points decreasing, requiring a healthy correction to digest profit-taking. In a negative funding rate environment, if the price stabilizes within the suggested zone, short covering will add additional momentum. The risk-reward ratio is acceptable; the key is the precision of the entry point.

Check real-time market 👇 $BLUR
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