๐Ÿ“ˆ Trading Strategy: Pullback to go long, gamble on washout before rally



Core technical signals

โ€ข 1H: RSI drops to 61.92, MACD histogram turns negative but fast and slow lines converge, indicating a short-term pullback but not a reversal.

โ€ข 4H: Bollinger Bands expand (0.0148-0.0071), price tests the middle band at 0.0109 for support, showing a strong oscillation.

โ€ข Volume and price: Trading volume drops sharply from 530 million in the morning to 38 million, showing signs of a volume contraction washout, with main players reluctant to sell.

โ€ข Order book: Bid/Ask Ratio 0.79, sell orders are slightly thicker but no panic selling pressure observed.

๐ŸŽฏ Strategy: Go long (place buy orders on pullback)

โ€ข Entry/Order price: 0.0109โ€“0.0112 (support zone at the 4H middle Bollinger band)

(Original order price 0.01366 is relatively high, it is recommended to adjust to the support zone to increase the chance of execution)

โ€ข Stop loss: 0.0094 (below the previous low of 0.00945)

โ€ข Target 1: 0.0137 (resonance zone of 4H upper band and recent high)

โ€ข Target 2: 0.0154 (momentum continuation after breaking previous high)
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