【$COS Signal】Overbought zone, place buy orders on pullback, funding rate at extreme negative value

Funding rate -1.1657%, RSI 92, 4H Bollinger Band upper band breakout with widening gap. After two consecutive bullish candles on 1H, volume diminishes, buy depth imbalance -19.55%. Current price 0.001779 has exceeded the recommended range, do not chase the rally.
🎯Direction: Long (place on pullback)
⚡Entry/Order: 0.001700 (within recommended range)
🛑Stop loss: 0.001194
🚀Target 1: 0.001790
🚀Target 2: 0.001797
🛡️Trade management: - Reduce 50% at Target 1, move stop loss to break even. If price falls below entry point, automatically exit.
Depth logic: 4H MACD histogram is positive but slope is slowing, 1H RSI in overbought zone is weakening, funding rate is extremely negative but price remains firm, bulls dominate. Place orders waiting for pullback to 0.001700 (near EMA20-1H), risk-reward ratio is very low, mainly betting on inertia to push higher. If it directly breaks through 0.001800, consider hitting the breakout.
Check real-time market 👇 $COS
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