【$GWEI Signal】Pullback to go long / High-level speculation

$GWEI After a surge on the 1H timeframe, it entered a high-level consolidation, with the price repeatedly testing near the upper Bollinger Band. The MACD histogram on the 4H timeframe is still expanding, but on the 1H timeframe, it has started to contract, indicating a divergence in momentum. Market data shows an order wall of over 40k units above 0.06744, creating direct resistance.

There is funding support around 0.06710, but selling pressure above is also clear.

⚡Entry: Light long position around the current price of 0.06710, or wait for the price to fall back to around 0.05701 to place orders.

🛑Stop Loss: 0.05383

🚀Target 1: 0.06338

🚀Target 2: 0.06657

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

Currently, RSI is at a high of 75, indicating increased risk of chasing the rally. Position size is stable, but funding rates have turned positive, intensifying the bulls and bears battle. A more cautious approach is to wait for the price to retest the 1H EMA50 support or to break through the sell wall with volume before following up. At this level, profit and loss need to be carefully calculated; rushing in easily leads to being trapped.

View real-time market 👇 $GWEI
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