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【$AZTEC Signal】Wait and see: RSI overbought + strong selling pressure, waiting for a pullback to go long
$AZTEC RSI 1H 76.87, 4H Bollinger Band upper band 0.0244 has been broken. Deep imbalance -21.66%, sell orders clearly outnumber buy orders. Funding rate 0.0299% is relatively high, but open interest remains stable with no signs of short squeeze. Current price level carries higher risk for chasing gains, risk-reward ratio is not favorable, waiting for a pullback is more reasonable.
🎯Direction: Wait and see (place orders on pullback to go long)
⚡Entry/Order: 0.02350 (recommended entry range 0.02214-0.02553)
🛑Stop loss: 0.02119
🚀Target 1: 0.02569
🚀Target 2: 0.02580
🛡️Trade management:
- Reduce position by 50% after reaching Target 1, move stop loss up to entry price. If price falls back to 0.02350, automatically exit.
After Bollinger Band expansion, it is often followed by a pullback. RSI at high levels is dulled but not diverging, wait for a 1H pullback near EMA20 before re-entering.
Check real-time market 👇 $AZTEC
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