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【$BULLA Signal】High-altitude sniping, stagnation under rate pressure
$BULLA 1H level surges then stalls, MACD fast and slow lines are glued above the zero line, histogram turns negative. The upper band of the 4H Bollinger Bands at 0.0113 acts as resistance, with the price failing to break through effectively after three consecutive candles. Market depth shows sell orders slightly thicker than buy orders, and the funding rate is as high as 0.1436%, indicating accumulated cost pressure for long positions.
The price near 0.01109 can be shorted directly, with a stop above 0.009045. The first target is 0.009264, and the second target is 0.009337.
The upward momentum on the 1H level is clearly weakening, resonating with the overbought zone on the 4H level, creating combined resistance. This stagnation under high rate conditions is often accompanied by short-term profit-taking selling pressure from longs. Open interest remains stable but price advances are weak, indicating insufficient new capital willingness. The current risk-reward ratio is acceptable, but caution is needed regarding the rebound volatility characteristic of Hot Coins.
Check real-time market 👇 $BULLA
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