$BSB Signal: 4H RSI overbought, Bollinger Band short position


$BSB RSI 4H soared to 77.63, price broke above the Bollinger upper band at 0.6642, 1H MACD histogram shrank to 0.0038, clearly showing a gap in buying pressure. The order book depth is biased bearish, Bid/Ask Ratio 0.92, after the bulls' rally, momentum is weakening.
🎯Direction: Short (contrarian short-term short, strict risk control)
⚡Entry/Order: 0.670 - 0.673 (light position near current price to test short)
🛑Stop loss: 0.680 (break above 4H previous high and stabilize to exit)
🚀Target 1: 0.660 (1H midline and 4H previous support)
🚀Target 2: 0.645 (near 4H EMA20)
🛡Trade management: - Execute strategy: reduce 50% at Target 1, move stop loss to breakeven at entry. If 1H closes again with volume and stabilizes above 0.675, exit immediately to avoid short squeeze.
4H capital inflow has slowed, OI stabilizing, high-level bulls and bears are increasingly fighting, current risk-reward ratio is average, suitable only for light positions to target short-term pullbacks.
Check real-time market 👇 $BSB
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BSB9.88%
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