Bullish rally with pullback, pullback strategy for going long

$ICP Buy volume ratio 0.47, 1H funds show obvious signs of active withdrawal, price has fallen from high of 4.086 to around 3.75, the upper band of the 1H Bollinger Bands at 3.979 is effectively suppressing, trading volume is shrinking simultaneously, short-term momentum is weakening. The 4H MACD histogram is still expanding but the slope is slowing, the overall bullish structure remains intact. RSI on 1H is 66.51, not overbought at high levels, still has potential for a second rise.
🎯Direction: Long (pullback limit order)
⚡Entry/Order: 3.72 (recommended entry range between 3.176 - 3.729)
🛑Stop loss: 2.828
🚀Target 1: 3.871
🚀Target 2: 4.218
🛡️Trade management: Reduce 50% of position upon reaching Target 1, move stop loss to break-even; automatically exit if price falls back to entry level.
Depth logic: Funding rate at 0.0067% is normal, open interest is stable with no abnormal fluctuations, current pullback is short-term profit-taking, 4H support EMA50 at 2.8424 is far from current price, bullish cushion is sufficient. Personally inclined to wait for a pullback confirmation before entering, risk-reward ratio about 1:4, worth a shot.
Check real-time market 👇 $ICP
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