【$BSB Signal】Pullback to go long, 1H level charging up for launch

$BSB The 1H level price repeatedly tests above the middle band of the Bollinger Bands, EMA20 and EMA50 form support bands at 0.2772 and 0.2613. The 4H MACD histogram is shrinking but still above the zero line, indicating the trend is not bad. The order book buy depth ratio is 53.17%, with a clear intention of capital support.

The current price is 0.2887, at a high intraday level, and chasing the high directly offers poor risk-reward. A better strategy is to wait for the price to pull back to the dense trading zone below.

🎯Direction: Pull back to go long

⚡Entry: Place orders near the lower boundary of 0.2562 - 0.2873 range, for example, around 0.2600.

🛑Stop loss: 0.2383

🚀Target 1: 0.2920

🚀Target 2: 0.3099

🛡️Trade management:
- Execution strategy: After the price hits 0.2920, halve the position, and move the remaining stop loss to the cost basis. If the price cannot hold above 0.2873 and falls back, consider exiting early.

The 1-hour RSI is around 58, not overbought, leaving room for upward movement. Also observe that the negative histogram of the 1-hour MACD is shrinking, indicating weakening bearish momentum. Coupled with the buy depth advantage, the probability of resuming the upward move after a pullback is increasing. Patience is needed at this position, waiting for the market to give a better price.

Check real-time quotes 👇 $BSB
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