$BAN Short-term pullback to set up long positions: a buying opportunity after 1H overbought condition


$BAN RSI on 1H skyrocketed to 80.33, buy order depth is 1.25 but upward momentum is clearly weakening. The 4H Bollinger Band upper band at 0.0927 has been pushed down, and the price touched 0.09479 before pulling back. The funding rate at 0.0523% is not extreme, but the position at 0.09397 is only 0.00039 away from the target 2, making the risk-reward ratio terribly unfavorable. Calmly looking, a pullback to 0.09350 is actually the only point with some cost-effectiveness for placing an order.
🎯Direction: Long (pullback order)
⚡Entry: 0.09350 (recommended upper limit of the zone, 0.00047 above current price, wait for pullback)
🛑Stop loss: 0.07791 (risk control stop loss, deviates by 13.6%, but protected by order depth)
🚀Target 1: 0.09399 (risk control target 1)
🚀Target 2: 0.09436 (risk control target 2)
🛡️Trade management: - Place order at 0.09350, do not hold position before trigger. If filled and price directly reaches target 1, reduce position by 50%, move stop loss up to 0.09350 to break even. Remaining position targets at 0.09436. If price falls below entry at 0.09350, automatically exit.
Chasing longs now just gives trading fees to the exchange; waiting for a pullback to enter is more rational. View real-time market 👇 $BAN
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BAN18,44%
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