【$TRUTH Signal】Waiting for a callback, placing buy orders in overbought zone

$TRUTH 4H RSI skyrocketed to 86.51, with a clear break in buying momentum. Price pierced the upper Bollinger Band, 1H MACD histogram returned to zero, momentum waning. Depth ratio of 1.57 shows support from orders is still present, but high-level capital willingness to absorb is decreasing.

🎯Direction: Watch (Place buy orders)

⚡Entry/Order: 0.010822 - 0.012671

🛑Stop loss: 0.010149

🚀Target 1: 0.012731

🚀Target 2: 0.012782

🛡️Trade management:
- Execution strategy: The current price chasing long has a poor risk-reward ratio, only accept entries on pullbacks to the order zone. If 1H closes below EMA20 after execution, exit early. Near Target 1, reduce position by 50%, and move the remaining stop loss to the entry price.

After a 24.5% daily increase, funding rate data is missing, open interest remains stable, indicating a stalemate between bulls and bears. In overbought conditions, waiting for a pullback is better than chasing higher. The 0.0110-0.0117 range is where EMA50 and 1H Bollinger middle band converge, with a high probability of a bounce. The risk-reward ratio is approximately 1:2.5 based on calculations, making it worth waiting.

Check real-time market 👇 $TRUTH
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