【$BLUAI Signal】1H pullback confirmation, first deep correction after breakout

$BLUAI After a volume breakout on the 4H timeframe, the price retraced to above the middle band of the Bollinger Bands. The MACD on the 1H timeframe shows a dead cross above the zero line, but the histogram is shrinking, indicating weakening selling pressure. The buy orders are heavily stacked between 0.00882-0.00883, with an order book imbalance of 25%, revealing a market bottoming intention.

🎯Direction: Long

⚡Entry/Orders: Enter in batches within the 0.00834 - 0.00855 range

🛑Stop Loss: 0.00800

🚀Target 1: 0.01078

🚀Target 2: 0.01189

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

The 1H RSI has fallen from a high level to 59, indicating a healthy correction. Open interest remains stable at 886 million, not shrinking with the price decline, and long positions have not exited en masse. Coupled with a positive funding rate of 0.072%, market sentiment is bullish but not overheated. The risk-reward ratio at this correction point exceeds 4:1, making it worthwhile to use a smaller position to bet on trend continuation.

Check real-time market 👇 $BLUAI
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