【$GUA Signal】Pullback to go long, wait for a better risk-reward ratio

$GUA 1H level running along the upper Bollinger Band, 4H MACD histogram continues to expand, bullish momentum not exhausted. But RSI has entered overbought territory, the risk of chasing higher at the current price has sharply increased.

The current price is near the upper boundary of the suggested entry zone, directly chasing higher offers a poor risk-reward ratio. A better strategy is to wait for a pullback to confirm support.

⚡Orders are placed around 0.6923, which is the resonance zone of the 4H EMA20 and the 1H middle Bollinger Band.

🛑Defense must be set below 0.6151, which is the dual line of defense of the 4H middle Bollinger Band and the previous accumulation zone.

🚀First target is 0.8488, close to the previous high resistance zone, allowing partial profit-taking.

🚀Second target is 0.8521, a breakout opens up new upward space.

🛡️Trading management:
- Execution strategy: When the price reaches 0.8488, reduce half of the position, and move the stop-loss of the remaining position up to the entry price. If the price fails to hit the order level and reverses, abandon this trade.

Order book buy depth is slightly dominant, funding rate is positive but not at extreme levels, indicating that bullish sentiment remains but is not overheated. 1-hour volume expands during price rally, which is healthy. The 4H Bollinger Bands are widening, trend channel is opening, and a pullback is an opportunity. In this structure, rushing to chase high is less advisable than patiently waiting for the market to give a better price.

Check real-time market 👇 $GUA
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