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【$TURTLE Signal】Waiting for a callback to buy more, overbought correction followed by a second rally
RSI 14 skyrocketed to 86.88, deep sell orders accumulated -23.55%.
The upper band of the 4H Bollinger Bands at 0.0584 has been broken, but buying volume has not effectively followed up,
the 1H MACD histogram shrank to 0.0001, momentum weakening.
Funding rate -0.0034%, bearish crowding but no exit.
Short-term correction needed, the structure remains bullish.
🎯Direction: Long (Pending order)
⚡Entry/Pending order: 0.05850 (suggested correction to the entry zone between 0.05160 - 0.05944)
🛑Stop loss: 0.04816
🚀Target 1: 0.05979
🚀Target 2: 0.06003
🛡️Trade management: - After the pending order is filled, if the price directly drops below 0.05800, manually exit.
Reduce position by 50% upon reaching Target 1, move stop loss to break-even.
This type of trade with extremely low risk-reward ratio offers very little tolerance,
be sure to strictly execute pending orders.
Check real-time market 👇 $TURTLE
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