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【$BR Signal】Pullback with multiple entries, wait for entry around 0.169
RSI 1h 80.04, sell order depth -41%, funding rate 0.0348%.
4H MACD bullish expansion but 1H candles narrowing, clear sell wall.
Current price 0.17008 has broken above the suggested range upper limit 0.16923, chasing high is very risky.
Wait for price to fall back into the range and observe the support strength around 0.169.
Personal judgment: After extreme overbought conditions, pullbacks are often accompanied by sharp volatility.
Better to miss the opportunity than to buy at a high level.
🎯Direction: Long (wait for pullback orders)
⚡Entry/Order: 0.16923
🛑Stop Loss: 0.11442
🚀Target 1: 0.12856
🚀Target 2: 0.13328
🛡️Trade management: - Execute strategy: after reaching Target 1, reduce position by 50%, and move stop loss to break-even.
If price falls back into the entry zone, automatically exit to protect capital.
Depth logic: 4H Bollinger upper band at 0.1626 has been broken, but 1H Bollinger upper band at 0.2025 remains above, short-term space is limited.
Funding rate 0.0348% is relatively high, increasing long position costs, beware of sharp pullbacks after a rise.
Current risk-reward ratio is inverted (target below entry), suitable only for light position rebound trading with strict stop loss.
View real-time market 👇 $BR
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