【$C98 Signal】Long | Healthy Cooldown After Explosive Breakout
$C98 After completing a massive breakout on the 4-hour chart, the price is consolidating in a narrow range below the previous high resistance zone. The price is extremely converged within the 0.0289-0.0291 range, which is a typical healthy reset after a breakout, not a top sell-off.
🎯 Direction: Long
🎯 Entry: 0.0289 - 0.0292
🛑 Stop Loss: 0.0285 ( Rigid stop loss, below the consolidation low and large order support )
🚀 Target 1: 0.0320
🚀 Target 2: 0.0350
Logical core: The third massive bullish candle on the 4H chart (117 million) confirms main force buying, followed by two smaller candles with reduced volume, holding firmly above the breakout level of 0.0271. The current consolidation zone (0.0289-0.0291) has a relatively weak sell wall at 0.0292, while there is dense buy support below at 0.0289-0.0290. Negative funding rates indicate that bearish sentiment still persists, fueling short squeeze potential. Price action shows a flag pattern after a strong breakout; as long as it does not fall below 0.0285, the probability of continuing upward is very high.
Trade here 👇 $C98
---
Follow me: Get more real-time analysis and insights on the crypto market!
#Gate广场创作者新春激励
#Is the current market bottoming or just waiting?
$C98 After completing a massive breakout on the 4-hour chart, the price is consolidating in a narrow range below the previous high resistance zone. The price is extremely converged within the 0.0289-0.0291 range, which is a typical healthy reset after a breakout, not a top sell-off.
🎯 Direction: Long
🎯 Entry: 0.0289 - 0.0292
🛑 Stop Loss: 0.0285 ( Rigid stop loss, below the consolidation low and large order support )
🚀 Target 1: 0.0320
🚀 Target 2: 0.0350
Logical core: The third massive bullish candle on the 4H chart (117 million) confirms main force buying, followed by two smaller candles with reduced volume, holding firmly above the breakout level of 0.0271. The current consolidation zone (0.0289-0.0291) has a relatively weak sell wall at 0.0292, while there is dense buy support below at 0.0289-0.0290. Negative funding rates indicate that bearish sentiment still persists, fueling short squeeze potential. Price action shows a flag pattern after a strong breakout; as long as it does not fall below 0.0285, the probability of continuing upward is very high.
Trade here 👇 $C98
---
Follow me: Get more real-time analysis and insights on the crypto market!
#Gate广场创作者新春激励
#Is the current market bottoming or just waiting?
