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【$CROSS Signal】Pullback to go long, second attempt to push higher
$CROSS The 1H timeframe is consolidating around 0.082, with a volume breakout on the 4H timeframe followed by a pullback for confirmation. The order book shows significant buy orders accumulating between 0.0821-0.0822, while sell orders start to thicken above 0.0824. Bulls and bears are briefly balanced at this point.
🎯Direction: Long
⚡Entry/Order placement: Within the 0.07144 - 0.08176 range, current price at 0.08217, can go for a light long position directly, or wait for a pullback to around 0.078 to place an order.
🛑Stop loss: 0.06716
🚀Target 1: 0.08231
🚀Target 2: 0.08264
🛡️Trade management: - Execute strategy: After the price reaches 0.08231, halve the position, and move the remaining stop loss up to the entry price. If the price fails to hold above 0.082 and turns downward, exit decisively.
After the 4H MACD shows a bullish crossover, the histogram narrows, indicating that bullish momentum is temporarily slowing but the trend remains intact. The 1H RSI has fallen from overbought territory to 57, providing room for another upward move. Position volume remains stable with no signs of large-scale exit, and funds are still actively trading within the market. The current risk-reward ratio isn't optimal, but if the price can stabilize above 0.08, there's a higher probability of testing the previous high around 0.085.
Check real-time market 👇 $CROSS
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