【$COS Signal】4H Overbought Zone Pullback to Long

$COS 4H Bollinger Band upper band 0.0016 broken through, RSI soared to 80.89, MACD histogram still expanding but momentum weakening. The last 4H trading volume plummeted from 54.8 billion to 3.7 billion, buying follow-through is weak. Depth buy/sell ratio is 1.0, indicating a temporary balance between bulls and bears.
The current price is above the upper limit of the suggested entry zone, chasing the rise directly results in poor risk-reward; it’s safer to wait for the price to pull back to the 0.001303–0.001641 range before taking action.
🎯Direction: Long (buy on pullback)
⚡Entry/Order: 0.001303 – 0.001341
🛑Stop Loss: 0.001194
🚀Target 1: 0.001520
🚀Target 2: 0.001628
🛡️Trade Management: - After reaching Target 1, reduce position by 50%, move stop loss up to the entry price. For the remaining position, watch Target 2; if the price falls back to the entry level, exit all.
(RSI retreat from high levels is a buy signal, but if it drops below 0.001194, the trend weakens and an exit is necessary.)
View real-time market 👇 $COS
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