【$BLUAI Signal】Short squeeze pullback, second attack

$BLUAI 1H timeframe surging then pulling back, 4H Bollinger Bands break above the upper band, RSI soaring to 79, indicating a lack of buying pressure. This signal looks too fake, with clear signs of distribution at high levels.
🎯Direction: Pullback to go long
⚡Entry/Order: 0.00815 - 0.00836
🛑Stop Loss: 0.00770
🚀Target 1: 0.01099
🚀Target 2: 0.01231
🛡️Trade Management:
- Execution Strategy: Reduce position by 50% after reaching Target 1, and move the stop loss to break-even. If the price falls back to the entry level, exit automatically to protect capital.
4-hour volume and price are rising together, MACD histogram is still expanding, indicating the trend is not bad. However, the 1-hour MACD red bars are shrinking, showing short-term momentum weakening. Funding rate is as high as 0.1878%, indicating potential for a short squeeze. Sell orders are stacked above 0.0095, while buy orders are very thin, with an imbalance rate of -83%, showing heavy selling pressure above. A healthy pullback is needed to digest the floating positions. The current price is far from the 1H EMA20, so chasing the high is very risky. Patience is advised until the price pulls back to the suggested entry zone, which is also the previous breakout’s high-volume area and near the 4H EMA20 support. Risk-reward ratio is close to 1:4, making it a good opportunity to position.
Check real-time market 👇 $BLUAI
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