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【$BULLA Signal】Pullback to go long, capital support exposure revealed
$BULLA After a sharp rise on the 1H timeframe, a pullback occurs, with the current price consolidating around 0.00845. The 4H Bollinger Bands are running along the upper and middle bands, MACD shows shrinking red bars but remains above the zero line, indicating the bullish trend is intact. The 20 EMA on the 1H chart forms dynamic support at 0.0079, with exceptionally strong buying interest. A large number of buy orders are stacked between 0.00843 and 0.00844 below, fully exposing the capital support intention.
🎯Direction: Long
⚡Entry/Order: Enter around 0.00786
🛑Stop Loss: 0.00710
🚀Target 1: 0.01090
🚀Target 2: 0.01242
🛡️Trade Management:
- Execution Strategy: After reaching the first target, reduce half of the position, and move the remaining stop loss up to the entry price. If the price fails to hold above 0.00860 and drops below the entry zone again, consider exiting early.
Position size remains stable. After a nearly 50% rebound from the lows, there has been no large-scale liquidation, indicating traders' confidence remains. The 1H RSI has fallen back from overbought levels to 61, providing a healthy retracement space. The current risk-reward ratio exceeds 4, making this setup quite favorable. The key is whether the pullback can be precisely caught.
Check real-time market 👇 $BULLA
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