【$BR Signal】Pullback to go long, betting on a second surge

$BR 1H timeframe surged higher then entered consolidation, 4H Bollinger Bands widened significantly, price close to upper band. MACD double lines above zero, but 1-hour histogram begins to contract, indicating slowing momentum. Order book depth imbalance of 13% between buy and sell sides, active sell orders increasing.

Price around 0.1715 can attempt to go long, this is the recent dense trading zone upper boundary.

Stop loss must be placed below 0.1276, enough space.

First target at 0.1501, second target at 0.1576.

After reaching the first target, halve the position, remaining position’s stop loss moved up to preserve capital. For such high-volatility assets, risk-reward ratio is more important than precise bottom fishing.

After a long bullish candle with increased volume on the 4-hour chart, open interest stabilizes, funding rate is only 0.0359%, no extreme short squeeze signs. 1-hour RSI has fallen from high levels to around 68, indicating a healthy correction. Current price is near the upper boundary of the suggested entry zone, chasing higher directly is risky; better to wait for a pullback to the lower boundary or clear support signals before acting.

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