$TURTLE Signal】Wait and Watch for a Pullback | 1H Overbought + Selling Pressure Depth Imbalance


$TURTLE RSI 1H surging to 81.38, 4H reaching 87.02, buying momentum clearly weakening. Depth imbalance -36.95%, sell order thickness more than twice that of buy orders, obvious high-level distribution characteristics. Current price 0.05989 has broken above the Bollinger upper band, but volume has not continued to expand, indicating insufficient buying power.

🎯Direction: Wait and see (Place buy orders on pullback )

⚡Entry/Order: 0.05500 (selected from the suggested range 0.05160-0.05959)

🛑Stop loss: 0.04816

🚀Target 1: 0.05994

🚀Target 2: 0.06018

🛡️Trading management:
- Execution strategy: Reduce 50% of position after reaching Target 1, and move stop loss to breakeven. If price falls back into the entry zone, automatically exit to protect capital.

Current price has dense sell pressure above, making a pullback safer. Negative fee rate -0.0023% is very low, short-term short squeeze momentum is insufficient. Wait for deep dip to around 0.0550 before acting.

Check real-time market 👇 $TURTLE
---
Follow me: Get more real-time analysis and insights on the crypto market!
#WCTC交易王PK #比特币突破7.9万美元 $BTC $ETH $SOL
TURTLE1.37%
BTC-1.09%
ETH0.11%
SOL-0.73%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments