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The current price is approximately around 0.1033 USDT. Do you think we should continue grinding upward or is it about time for a pullback?
To give a quick conclusion, I lean more towards: a pullback first, then look for the next direction.
Here's my main reasoning:
First, the price is already close to the resistance zone, and the upside potential and risk-reward ratio are average.
Second, the continuation after a rally is generally weak, and chasing long positions can easily lead to awkward entry points.
Additionally, BTC is not strong; only altcoins have room for a waterfall decline. If BTC shows a strong trend on the 15-minute/1-hour chart, then abandon the short chase altogether.
A more comfortable entry point: 0.1041 USDT
Initial take-profit target: 0.097928 USDT
Stop-loss reference: 0.1066 USDT
But the biggest risk at this level is that the bears might not have gained momentum yet and could be squeezed out.