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$C98 After a surge of 26%, it is now consolidating within a narrow range at a high level. This is a typical absorption of buying pressure and healthy reset, rather than top selling. The price has stabilized above the breakout zone, and the LTF pullbacks have been quickly bought back, indicating that market sentiment remains bullish with no significant selling pressure.
🎯Direction: Long
🎯Entry: 0.0238 - 0.0242
🛑Stop Loss: 0.0225 (Rigid Stop Loss)
🚀Target 1: 0.0280
🚀Target 2: 0.0320
$C98 The market logic is clear: massive upward movement accompanied by increasing open interest suggests main capital inflow rather than mere short covering. Currently, after the breakout, the price has formed a high-level flag pattern consolidation, with volatility contracting, which is a typical bullish continuation pattern. The key support zone (0.023-0.024) has not been effectively broken, indicating strong buying support. Small losses for large gains—the mathematical expectation here is to use limited risk (breaking support) to bet on trend continuation, with the probability advantage on the bulls' side.