【$BAN Signal】Longs continue to be squeezed, pullbacks are opportunities

$BAN 1H level surged then consolidated with decreasing volume, price close to the upper Bollinger Band, RSI 77.4 indicates strong momentum but caution against overheating. 4H MACD shows a golden cross with widening gap, price has broken above the upper Bollinger Band, open interest remains stable, and funds have not exited. Sell orders are stacked near 0.06625, forming a short-term resistance wall, but deep buy orders below suggest strong support, quickly absorbing selling pressure.

🎯Direction: Long

⚡Entry/Order: Accumulate in the 0.0605 - 0.0615 range

🛑Stop Loss: 0.0595

🚀Target 1: 0.0690

🚀Target 2: 0.0728

🛡️Trade Management:
- Execution Strategy: After reaching the first target, reduce half of the position and move the remaining stop loss up to the entry price. If the price fails to break through the sell wall at 0.0663 and falls back to the entry zone, consider exiting and observing.

Current funding rate is only 0.005%, far from dangerous levels, eliminating the risk of excessive long crowding. The 1-hour EMA20 at 0.0618 provides dynamic support, closely aligning with the suggested entry zone. Open interest remains stable after price rally, indicating this is not just spot buying, but supported by futures contracts. In this structure, a pullback to the moving average is the best entry point, with a risk-reward ratio over 4:1, worth trying.

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