【$AIOT Signal】Pullback to go long, secondary confirmation after Bollinger Band breakout

$AIOT 1H Bollinger Band upper band 0.0499 was directly pierced by the price, RSI 69.36 approaching overbought territory, but MACD bullish histogram is still expanding. The 4H channel upper band 0.0488 has long been left behind, indicating a strong trend. However, there is a pile of sell orders in the order book depth, Bid/Ask Ratio only 0.32, and there is significant selling pressure above 0.04993. The current price is above the upper limit of the suggested entry zone, making the risk-reward ratio of chasing the rally too poor. Place a limit order at 0.04968 to wait for a pullback confirmation. Stop loss at 0.04493, close to 1H EMA20. First target at 0.04995, second target at 0.05015. Upon reaching the first target, halve the position and move the stop loss to the entry point to protect capital. For this short-term structure, placing orders is more cost-effective than chasing directly.
🎯Direction: Long
⚡Entry/Order: 0.04968
🛑Stop loss: 0.04493
🚀Target 1: 0.04995
🚀Target 2: 0.05015
🛡️Trade management: After reaching Target 1, reduce position by 50% and move the stop loss to break-even. If the price falls back to the entry point, automatically exit.
Check real-time market 👇 $AIOT
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