【$CETUS Signal】Waiting for a pullback, setting up a long position

$CETUS 1H level surge and pullback: the 4H Bollinger upper band at 0.0307 provides clear resistance. The latest one-hour candlestick closed with a long upper wick, and a gap in the buy orders appears above 0.030. RSI on the 1H chart has slipped from high levels to 64; on the 4H timeframe it remains in the overbought zone at 71.4. The MACD lines on both 1H and 4H show bullish momentum contracting. The order-book imbalance is only 1.35%, casting doubt on the sustainability of the bulls pushing higher.

The current price at 0.02928 is near the upper edge of the suggested entry range, and chasing upward carries a poor risk-reward ratio. A better approach is to wait for the price to pull back to the 0.02625 - 0.0267 area—near the confluence support zone where the 1H EMA50 and the 4H EMA20 resonate—then enter after observing the strength of the follow-through.

⚡Order: Set a long position around 0.0265.

🛑Stop loss: 0.02368.

🚀Target 1: 0.03140.

🚀Target 2: 0.03397.

🛡️Trade management:
- Execution strategy: After the price reaches Target 1, halve the position, and move the remaining stop loss up to the entry price. If the price fails to pull back to the support as expected and instead breaks out above 0.0302 with increasing volume, you can consider adding with a small position; place the stop loss below the previous low.

The funding rate is relatively high at 0.5%, but the OI trend is stable with no signs of panic exiting. With this combination, if the price can gain support at the key moving averages, it is likely to trigger a new round of short squeezes. The key is to watch whether the trading volume shrinks during the pullback—volume contraction followed by stabilization is the ideal entry setup. The risk-reward ratio is close to 1:2, so this setup is worth waiting for.

Check real-time market 👇 $CETUS
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