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. The price retreated from the high of 0.184 to the 0.165-0.170 range, with declining volume, indicating weakening selling pressure and a normal cooling after the breakout. The current funding rate remains positive (0.0366%), but not overheated. Open interest remains high, showing that major funds are still active in the market. There is slight selling pressure around 0.166 on the order book, but buy orders are densely clustered in the 0.165-0.166 range below, forming an immediate support.
🎯 Direction: Long
🎯 Entry: 0.1650 - 0.1670
🛑 Stop Loss: 0.1590 ( Rigid stop loss, break below the previous breakout candle low )
🚀 Target 1: 0.1840
🚀 Target 2: 0.2000
Hardcore logic: After a single-day surge of 24%, the price did not panic sell-off but instead consolidated at a high level above the previous high (0.1406). The 4-hour candlestick shows a classic healthy structure of “volume breakout - volume contraction correction.” The key support zone (0.162-0.165) coincides with the middle of the explosive volume bullish candle, which is the main force’s cost area, where buy orders absorb supply. As long as the price can hold this zone and volume increases again, testing the previous high and even opening new space is highly probable. The current strategy is to position in the support zone, using small stops to play the trend continuation advantage.
Trade here 👇 $B
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#Gate广场创作者新春激励 #Is the current market bottoming out or just observing?