【$B2 Bearish Signal】1H Overbought + Bollinger Band Upper Band Resistance

$B2 RSI 1H surges to 72.44, MACD histogram begins to contract. After piercing the 4H Bollinger Band upper band at 0.6754, the price retraces to 0.6917, with weak buying depth (Bid/Ask Ratio 0.97). Clear selling pressure appears at the high point of 0.7437, funding rate at 0.0457% is neutral, open interest remains stable but with no upward momentum. A preliminary high-level correction structure is forming, indicating a short-term downward correction.
🎯Direction: Short (Pending Orders)
⚡Entry/Order: 0.6882 (Recommended upper boundary of the range, wait for price rebound to activate)
🛑Stop Loss: 0.7437 (Above previous high, to prevent liquidation)
🚀Target 1: 0.5890
🚀Target 2: 0.5937
🛡️Trade Management:
- Execution Strategy: Reduce 50% of positions after reaching Target 1, and move stop loss down to entry price. If the price rebounds and breaks the stop loss, exit automatically to protect capital.
Depth Logic: Two consecutive 1H bearish candles engulf the previous upward move, MACD bearish divergence begins to form. Although bullish momentum on the 4H chart has not fully dissipated, the turnover rate at high levels is decreasing, and the densely trapped zone is between 0.71-0.74. Shorting is safer to avoid chasing high and getting caught in a reversal.
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