【$GTC Signal】Overbought conditions are severe, pullback and re-entry strategy

$GTC RSI 1H soared to 80.93, 4H to 89.14, clear buy-side divergence.
Bollinger Bands 4H upper band 0.1162 has been broken, current price 0.12764 has broken away from the upper channel.
MACD bullish momentum histogram is still expanding, but volume is beginning to shrink.
Order book buy depth is 1.22, but selling pressure is gradually emerging.
Funding rate -0.5103%, bears are continuously building positions, risking short squeeze and pullback pressure coexist.
In this extreme market condition, chasing high yields offers a poor risk-reward ratio; a safer approach is to wait for a deep correction before taking action.
🎯Direction: Long (wait for pullback to place orders)
⚡Entry/Order: 0.10270
🛑Stop Loss: 0.09721
🚀Target 1: 0.12765
🚀Target 2: 0.12816
🛡️Trade management: - After placing the order, if the price quickly rises to 0.12765, reduce position by 50%, and move the stop loss up to 0.10270 to break even.
If it falls below 0.10270, wait for a second confirmation before considering further action.
From market psychology, after a rapid surge, retail traders are eager to buy, but major players are more likely to distribute liquidity at high levels.
0.10270 is close to the 4H EMA20 and previous dense trading zones, making it an ideal point for a pullback entry.
View real-time market 👇 $GTC
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