【$TAG Signal】Wait and see: Funding rate is high, profit and loss ratio is poor

$TAG Funding rate 0.053%, long positions are crowded. Current price 0.0007722 has broken through the upper boundary of the suggested range, the 4H Bollinger upper band at 0.0008 is close, upward momentum is weakening. 1H RSI is at 66, not overbought but the upward slope is slowing down. Deep imbalance -7.98%, sell orders are slightly thicker.
🎯Direction: Wait and see (wait for a pullback to go long or wait for a breakout confirmation)
⚡Entry/Order: 0.0007014 - 0.0007683 range for low buy limit orders
🛑Stop loss: 0.0006958
🚀Target 1: 0.0007722
🚀Target 2: 0.0007753
🛡️Trade management: - Execute strategy: After order fills, reduce 50% at Target 1, move stop loss up to entry price; if the price directly falls below 0.0006958, abandon this trade.
Current risk-reward ratio in the range is less than 0.1, short-term participation is not cost-effective. Wait for the price to fall back to support or for the funding rate to normalize before considering entry.
View real-time market 👇 $TAG
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