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【$GUA Signal】Over the hot spot, pullback to add more
$GUA 1H Bollinger Band upper band 1.3064, price running along the band, buying interest to chase higher weakens.
4H RSI reaches 85.42 overbought zone, funding rate at 0.1111% extremely high, holding cost sharply increases. Market depth shows sell orders stacking, bid/ask ratio only 0.69, selling pressure not clearly absorbed.
Aggressive chasing longs carries higher risk than reward, but short-term inertia may continue. Personally, I prefer to wait for the price to pull back near 1.2265 to place an order, using the volatility to catch the retracement.
🎯Direction: Long (place order)
⚡Entry/Order: 1.2265
🛑Stop loss: 0.9349
🚀Target 1: 1.2330
🚀Target 2: 1.2379
🛡️Trade management: Reduce 50% of position upon reaching Target 1, move stop loss up to entry price. If the price falls below the order level, abandon the trade to avoid deep trapping.
View real-time market 👇 $GUA
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