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【$BOBUSDT】Institutional Trading Tactics Analysis
$BOBUSDT The Bollinger Band upper rail was strongly pierced, with price standing above 0.0060. The surge in volume during this regular fluctuation period in the session is absolutely not retail behavior. The 4-hour level shows fragmented buying orders, but the lower hanging orders are extremely thick, with over 500,000 USDT of buy orders accumulated in the 0.00603 to 0.006035 range, completely exposing the capital support intention. This sharp decline is definitely a short squeeze trap. MACD golden cross above water still shows expanding momentum, but the 1-hour level RSI is close to 70, making short-term chasing highs have poor risk-reward ratios.
Current price 0.006047 direct entry, with stop loss placed below 0.00583. First target at previous high 0.00636, reduce position by half there, use remaining position for breakeven loss against 0.0067 target.
Check real-time charts 👇 $BOBUSDT
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