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【$BR Signal】Rapid rise followed by a pullback, wait for the correction to accumulate long positions within the range
$BR 4H level a single massive bullish candle directly breaks through the upper band, Bollinger Bands are forcibly expanded, MACD histogram is still expanding. But RSI has reached 73, with a -2.45% imbalance in buying depth, and active sell orders are increasing.
The price surged too quickly, chasing the high at current prices carries significant risk. Wait for a pullback, look for opportunities to accumulate longs in the range of 0.1396 to 0.1778.
⚡Entry: accumulate in the 0.1396 - 0.1778 range in batches
🛑Stop loss: 0.1296
🚀Target 1: 0.1594
🚀Target 2: 0.1694
🛡️Trade management: - Execute strategy: halve the position at Target 1, keep the rest to protect capital. If the price falls back to the cost zone, exit immediately without hesitation.
The 4H EMA20 and EMA50 are far below, indicating a typical capital-driven rapid surge. Open interest is stable, but the funding rate of 0.0643% is not excessive, suggesting limited short squeeze pressure. The key is whether the price can stay above 0.17 to form a new platform. If the pullback does not break below 0.14, the bullish structure remains intact. In this kind of move, profits should be taken quickly.
Check real-time market 👇 $BR
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