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【$INX Signal】1H breakout above upper band, pullback to go long
$INX 1H MACD bullish crossover expanding, 4H Bollinger upper band opening, RSI 14 at 81 overbought, funding rate 0.0477% slightly high, order book shows heavy selling pressure. Price broke above 1H upper band at 0.0122 but failed to stabilize, short-term pullback clearly needed.
🎯Direction: Long (buy on pullback)
⚡Entry: 0.01220 (recommended range 0.010321-0.012251)
🛑Stop loss: 0.010049
🚀Target 1: 0.01285
🚀Target 2: 0.01320
🛡️Trade management: Reduce 50% of position upon reaching Target 1, move stop loss to break-even. If price drops below 0.0120, delay entry.
Depth logic: 4H volume continues to expand, bullish structure remains intact, but RSI overbought combined with high funding rate increases short-term pullback probability. Personal risk-reward assessment: current entry risk about 17%, target profit 5%, risk-reward ratio not ideal, wait for better levels or volume reduction confirmation. If price pulls back near 0.0118, risk-reward ratio can improve to above 1:2.
Check real-time market 👇 $INX
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