【$BLUAI Signal】Short squeeze pullback, secondary surge

$BLUAI 1H timeframe spikes then retraces, 4H Bollinger Bands break above the upper band, RSI soars to 79, indicating a buying gap. This signal looks too fake, with clear signs of distribution at high levels.

🎯Direction: Pullback to go long

⚡Entry/Order: 0.00815 - 0.00836

🛑Stop Loss: 0.00770

🚀Target 1: 0.01099

🚀Target 2: 0.01231

🛡️Trade Management:
- Execution Strategy: Reduce position by 50% after reaching Target 1, and move stop loss to break-even. If the price falls back to the entry level, automatically exit to protect capital.

4-hour volume and price are rising together, MACD histogram is still expanding, indicating the trend is not bad. However, the 1-hour MACD red bars are shrinking, showing short-term momentum weakening. Funding rate is as high as 0.1878%, indicating potential short squeeze fuel. Sell orders are stacked above 0.0095, while buy depth is very thin, with an imbalance rate of -83%, showing heavy selling pressure above. A healthy pullback is needed to digest the floating positions. The current price is far from the 1H EMA20, chasing high directly is very risky. Be patient and wait for the price to pull back to the suggested entry zone, which is also the previous breakout’s high-volume area and near the 4H EMA20 support. The risk-reward ratio is close to 1:4, making it a good opportunity to position.

Check real-time market 👇 $BLUAI
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