$4 Signal】Overbought pullback to go long, short-term risk-reward opportunity


$4 RSI 4H soared to 77.1, funding rate at 0.0271% is relatively high, short-term bullish momentum is beginning to shrink. 1H MACD bars are narrowing, buying strength is weakening, but the 4H trend remains upward. The risk of distribution at high levels versus trend game, a pullback to support levels is a safer game point.
🎯Direction: Long (wait for pullback)
⚡Entry/Order: 0.011022
🛑Stop loss: 0.010547
🚀Target 1: 0.011972
🚀Target 2: 0.012447
🛡️Trade management: - Place buy order, reduce position by 50% after reaching Target 1, move stop loss up to entry price. Exit if the stop loss is broken.
Order book buy depth is 4.09% skewed bullish, but the proportion of sell orders has recently been slightly higher, short-term oscillation to digest profit-taking. The risk-reward ratio of this pullback order is above 1:2, worth laying in after calm assessment.
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