【$NAORI Signal】Short squeeze pullback, 1H level secondary upward move

$NAORI 1H level rally followed by pullback, price repeatedly tests around 0.0755. The upper band of the 4H Bollinger Bands has been pierced, but the MACD histogram is still expanding, indicating bullish momentum has not fully exhausted. The 1-hour EMA20 and EMA50 form a golden cross upward, creating a short-term support zone. Market depth shows buy orders still have an advantage, but RSI on the 1H chart has fallen from high levels to 65, indicating overbought sentiment is easing. The current funding rate at 0.0782% is not extreme, but combined with stable open interest, it shows bulls are still in the market.

Price has dense trading around 0.0752, which can serve as a boundary between bulls and bears. Chasing the price directly at the current level carries higher risk; a more prudent strategy is to wait for a healthy pullback.

🎯Direction: Buy on pullback (place orders)

⚡Entry/Order placement: Near the lower boundary of the 0.06162 - 0.07516 range, specifically placing buy orders around 0.0620-0.0630.

🛑Stop loss: 0.05821

🚀Target 1: 0.06845

🚀Target 2: 0.07187

🛡️Trade management: - Execute strategy: After reaching Target 1, reduce half of the position, and move the remaining stop loss up to the entry price. If the price cannot hold above 0.075 and falls back again, consider exiting early.

The 4-hour MACD double lines are opening above the zero line, indicating a bullish trend. However, the 1-hour price has already touched the upper Bollinger Band, with a short-term need to revert to the middle band at 0.0691. Volume has shrunk after the rally, requiring new buying pressure. This position offers a good risk-reward ratio, with clear stop-loss below and previous high area as the target. Market sentiment has shifted from frenzy to cautious observation, waiting for a chip exchange.

Check real-time market 👇 $NAORI
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