【$USELESS Signal】Multiple callbacks, wait for overbought correction

$USELESS 1H Bollinger Bands widening, upper band at 0.0681 has been pressed down by the price, but RSI surged to 82.31, indicating diminishing buying momentum at high levels.
4H MACD bullish bars are still expanding, but the rate is slowing.
Deep imbalance at 5.99%, sell orders have slightly increased.
The current risk-reward ratio is not suitable for chasing high directly; patiently wait for the price to retest the 1H EMA50 (0.0565) before making a move.

🎯Direction: Long (waiting for a pullback order)

⚡Entry/Order: Range order at 0.05621 - 0.05700

🛑Stop loss: 0.05065

🚀Target 1: 0.06892

🚀Target 2: 0.06920

🛡️Trade management:
- After the order is filled, if the price quickly drops below 0.0560, do not add to the position; watch for support at 0.0550.
- After reaching Target 1, reduce position by 50%, and move the remaining stop loss to entry price + 0.002.
- If the price breaks below the lower boundary of the entry zone again, strictly cut losses.

Overbought zone chasing long positions carries objective risks, but the 4H trend has not reversed, funding rate at 0.0072% is in a healthy range, open interest is stable, and the market does not show signs of excessive leverage.
Pullbacks are currently a higher probability choice.
View real-time market 👇 $USELESS
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