【$PTB Signal】After a 1H-level short squeeze, wait for a pullback to go long

$PTB 1H-level RSI skyrocketed to 85, buying pressure is extremely crowded, but the 4H MACD histogram is still expanding, indicating bullish momentum has not exhausted. Market depth shows buy orders are 13.7% thicker than sell orders, with clear capital support intentions.

🎯Direction: Pull back to go long

⚡Entry/Order: Between 0.0010020 and 0.0012636, wait for the price to retest near the 1H EMA20, and enter when suitable.

🛑Stop loss: 0.0009940

🚀Target 1: 0.0012713

🚀Target 2: 0.0012764

🛡️Trade management:
- Execution strategy: After the price hits the first target, reduce half of the position, and move the remaining stop loss up to the entry price. If the price cannot hold above the upper boundary of the entry zone, exit proactively.

One-hour trading volume has shrunk after the rally, which is typical profit-taking, not a trend reversal. The funding rate is as high as 0.176%, putting enormous cost pressure on short positions. Any slight pullback could be quickly supported by buyers. In this environment, the risk-reward ratio favors waiting for a healthy retracement rather than chasing highs.

Check real-time market 👇 $PTB
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