【$D Signal】1H breakout followed by high-level consolidation, limited room for chasing gains


$D 1H volume breakout above Bollinger upper band, buy depth at 21% supports the price, but 4H RSI surges to 80, funding rate is only 0.005% neutral and slightly cold. Current price 0.01226 has exceeded the suggested upper limit of 0.01220, chasing high has a poor risk-reward ratio. If it retraces to the 0.0118-0.0120 range, consider going long and place pending orders.
🎯Direction: Long (buy on pullback)
⚡Entry/Pending order: 0.01180 - 0.01200
🛑Stop loss: 0.009851
🚀Target 1: 0.012269
🚀Target 2: 0.012318
🛡️Trade management: - Reduce position by 50% upon reaching Target 1, move stop loss up to entry price; remaining position targets at 2. If price falls below 0.0118, abandon this trade.
Order book shows buy orders thicker than sell orders, but trading volume has shrunk compared to the previous candle, indicating diminishing buying pressure. 1H MACD histogram begins to shorten, short-term momentum is weakening, and raising the price at this point requires stronger buy support.
View real-time market 👇 $D
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GateUser-0e7000b1
· 13h ago
1H MACD histogram begins to shorten, indicating short-term momentum is waning; pushing higher from this position requires stronger buying momentum.
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