【$BLUR Signal】Pullback to go long, short squeeze structure established

$BLUR 1H RSI soared to 84.66, 4H RSI also surged to 81.51, indicating serious overbought momentum. This move looks too fake, with a clear gap in buy orders at high levels, but open interest remains stable, so bears haven't dared to enter massively.

🎯Direction: Pullback to go long

⚡Entry/Order: 0.0187 - 0.0192 zone for placement

🛑Stop Loss: 0.01815

🚀Target 1: 0.0232

🚀Target 2: 0.0252

🛡️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 cannot hold above 0.0228, consider exiting all positions.

The 4-hour Bollinger Bands are fully open, and the price has broken out of the upper band, a typical early stage of a main upward wave. Funding rate is -0.84%, indicating very high short-term holding costs. Once the price rejects a deep correction, a short squeeze is highly likely. Market data shows heavy orders below 0.0222, exposing the intent of support from funds. The current risk-reward ratio exceeds 4, making it worthwhile to use a small stop loss to bet on trend continuation.

View real-time market 👇 $BLUR
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