【$PTB Signal】Waiting for a pullback to support a long position, be cautious of high funding rates

$PTB 4H Bollinger upper band at 0.0011 encountering resistance and pulling back, buying depth at 2.24 but price unable to stabilize. 1H MACD shows decreasing bearish momentum, multiple lower shadows around 0.00096-0.00097 testing support, active buying below. Funding rate at 0.0621% is high, but open interest remains stable, long positions have not surged significantly, short-term may continue to consolidate.
🎯Direction: Watchful (waiting for a pullback to go long)
⚡Entry/Order: Enter around 0.0009018 - 0.0010141 (recommended near 0.00096)
🛑Stop loss: 0.0007960
🚀Target 1: 0.0011134
🚀Target 2: 0.0012192
🛡️Trade management: - Execute strategy: after reaching Target 1, reduce position by 50%, and move stop loss to break-even. If price falls back into the entry zone, exit automatically to protect principal.
Depth logic: Funding rate is high but buy orders support the market; if the price retraces near 0.00096 and a 1H RSI divergence forms, it could be a short-term sniper entry point. Personally, I think it’s better to control risk with pending orders rather than chasing longs at high levels, which risks getting trapped.
Check real-time market 👇 $PTB
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