【$BSB Signal】Waiting for a pullback to go long, 1H overbought but 4H still has room

$BSB RSI 1H 74, clear buying gap, funding rate 0.0309% slightly high, short-term profit-taking accumulating. The 4H Bollinger upper band at 0.6732 not touched, MACD continues to expand, bullish trend intact. Current price 0.647 has moved away from the upper boundary of the suggested range, increasing the risk of chasing higher. Place an order waiting for a pullback near 0.58847 to go long, with a better risk-reward ratio.
🎯Direction: Long (place order on pullback)
⚡Entry/Order: 0.58847
🛑Stop Loss: 0.56974
🚀Target 1: 0.62595
🚀Target 2: 0.64469
🛡️Trade Management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move stop loss to break-even. If the price falls back to the entry level, automatically exit to protect capital.
Depth logic: After consecutive bullish candles on the 1H, RSI is overbought, but the 4H Bollinger bands are opening upward, and the trend support remains. The order book depth imbalance of -14.36% indicates slightly stronger selling pressure, so the risk of a pullback should not be ignored. The order at 0.58847 is right near the 1H EMA50, resonating with the middle band of the 4H Bollinger. Funding rate is slightly high but not at the liquidation threshold, so shorting carries high risk. Patience and waiting for a pullback is more prudent.
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