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【$BOBUSDT】Main Force Intent Exposed
$BOBUSDT The price on the four-hour level has broken through the upper Bollinger Band, but the MACD histogram expansion momentum has started to contract. After RSI on the hourly chart touched 70, it failed to continue pushing higher. During the regular market fluctuation period, buy-side depth has accumulated over 500,000U of pending orders in the 0.00594-0.00595 range, forming a thick capital moat, while sell-side orders above are relatively sparse. Chasing longs at this position equals losing money, and the profit-loss ratio has already severely inverted. Under a negative funding rate environment, the price can still hold firm, which looks more like bulls maintaining the price through a buy wall to prepare for subsequent moves.
Current price 0.005957, directly try shorting, place stop loss above 0.00604. First target at 0.00586, reduce position by half upon reaching, let the remaining run breakeven. Second target around 0.00575.
Check real-time market 👇 $BOBUSDT
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