【$ZEREBRO Signal】Waiting for a pullback, overbought area not suitable for chasing higher

$ZEREBRO After a violent surge on the 1H timeframe, the price is close to the upper Bollinger Band, RSI soaring to 83.89, clear signs of a buy-side gap. The 4H MACD histogram is still expanding, but volume has shrunk after the last bullish candle, raising doubts about the capital support.

The price has already far exceeded the upper boundary of the suggested entry zone, chasing higher is extremely risky. The current strategy is to wait for the price to cool down.

⚡Order: Place a buy order around 0.011222.

🛑Stop loss: 0.009950.

🚀Target 1: 0.014470.

🚀Target 2: 0.014527.

🛡️Trade management: - Execute strategy: halve the position at Target 1, move the remaining stop loss up to the entry price. If the price cannot hold above 0.0144, consider exiting early.

Order book depth shows buy orders account for 46.89%, but the buy/sell ratio is as high as 2.77, indicating that while buy orders appear active, there is heavier selling pressure above. The 1-hour EMA20 and EMA50 are in a golden cross with a large opening, indicating a need for a technical pullback. The funding rate of 0.0213% is not extreme, but combined with overbought RSI, the short-term probability favors a correction over further upward movement. At this position, risk-reward is poor; patience is advised until the market offers a better price.

Check real-time market 👇 $ZEREBRO
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