【$BLUR Signal】Pullback to go long / Short squeeze game

$BLUR 1H level spikes and pulls back, after the 4H Bollinger Bands widen significantly, the price pulls back to the upper band. RSI 14 surges to 82.4, daily chart shows clear break in buying momentum. 4H MACD histogram still expanding, but 1H volume shrinks, indicating an imbalance in buying depth -14.32%, with short orders stacking up. Negative interest rate -0.33% is unusually high, but open interest remains stable, with bulls and bears fiercely trading at the current level.

Price repeatedly tests around 0.0348, with selling pressure starting to appear above. Chasing high at this position carries poor risk-reward, better to wait for a decent pullback. The first observation zone is near the 1H EMA20 at 0.0311 and the 4H upper Bollinger Band at 0.0339.

🎯Direction: Pullback to place long orders

⚡Entry/Order: Hidden buy orders near the lower boundary of 0.02826 - 0.03465 range, specifically around 0.0300-0.0310.

🛑Stop loss: 0.02507

🚀Target 1: 0.03482

🚀Target 2: 0.03495

🛡️Trade management: - Execute strategy: after reaching Target 1, halve the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.0330, consider exiting early.

Despite the negative interest rate environment, prices remain firm, indicating active capital absorption of selling pressure, usually for building momentum for subsequent moves. The 1H EMA50 at 0.0289 provides dynamic support, coinciding with the lower boundary of the suggested entry zone. The current focus is whether profit-taking under high RSI can be fully absorbed by off-site funds. The order book shows increased sell order thickness, but buy orders at key levels clearly aim to support, making a sharp drop less likely, favoring a high-level consolidation to digest overbought conditions.

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