【$RLS Signal】Pullback to buy, main force's intention to support the market is clear

$RLS 1H level rebound and pullback, current price 0.004214. The 4-hour Bollinger Bands just broke above the upper band, the opening widened, and the price pulled back to the upper half. The 1-hour MACD fast and slow lines formed a golden cross, and the momentum bars slightly contracted but remain above the zero line. The order book buy depth around 0.00420 is actively thick, far exceeding the sell orders, fully exposing the capital support intention. Open interest remains stable; after a sharp rally, there is no sign of capital fleeing. This downward move is more like a shakeout of short-term holders.

🎯Direction: Long

⚡Entry/Orders: Layered entries in the 0.003300 - 0.003383 range

🛑Stop loss: Below 0.003300

🚀Target 1: 0.003715

🚀Target 2: 0.003881

🛡️Trade management:
- Execution strategy: After reaching the first target, reduce half of the position, and move the stop loss of the remaining position up to the entry price. If the price cannot hold above the entry zone and breaks downward, abandon this trade.

Currently, the funding rate is only 0.0146%, showing no signs of overheating. The 1-hour RSI is around 69 and has not entered the extreme overbought zone, leaving room for further upward movement. Combining the 4-hour view, the price has just exited a dense accumulation zone at the bottom, with clear signs of main capital inflow. Under this structure, a deep pullback to the previous breakout level is an excellent second-entry opportunity. The risk-reward ratio exceeds 1:4, making it worthwhile to use a smaller position to bet on trend continuation.

Check real-time market 👇 $RLS
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