【$GPS Signal】Long | Healthy Pullback After Volume Breakout
$GPS After a volume breakout above the previous high on the 4-hour chart, the price is undergoing a healthy pullback and consolidation. The price is tightly consolidating within the 0.0090-0.0092 range, with buying pressure continuously absorbing selling pressure around 0.0089, and no large-scale sell-offs observed. Negative funding rates indicate that bearish sentiment still persists, fueling potential short covering.
🎯 Direction: Long
🎯 Entry: 0.00905 - 0.00915
🛑 Stop Loss: 0.00880 ( Rigid Stop Loss )
🚀 Target 1: 0.00980
🚀 Target 2: 0.01050
Logical core: The 4H candlestick shows a third large-volume bullish candle breaking out, followed by two candles with higher lows but unchanged highs, forming a typical flag pattern after a breakout. The order book depth indicates sell orders stacking above 0.00915, but the price is consolidating here, showing strong buying support. The stop loss is set below the middle of the volume breakout bullish candle, offering a favorable risk-reward ratio. Market logic suggests that price increases accompanied by volume changes require analyzing the behavior of major players; the current market structure leans more toward a bullish handover after a successful breakout.
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【$GPS Signal】Long | Healthy Pullback After Volume Breakout
$GPS After a volume breakout above the previous high on the 4-hour chart, the price is undergoing a healthy pullback and consolidation. The price is tightly consolidating within the 0.0090-0.0092 range, with buying pressure continuously absorbing selling pressure around 0.0089, and no large-scale sell-offs observed. Negative funding rates indicate that bearish sentiment still persists, fueling potential short covering.
🎯 Direction: Long
🎯 Entry: 0.00905 - 0.00915
🛑 Stop Loss: 0.00880 ( Rigid Stop Loss )
🚀 Target 1: 0.00980
🚀 Target 2: 0.01050
Logical core: The 4H candlestick shows a third large-volume bullish candle breaking out, followed by two candles with higher lows but unchanged highs, forming a typical flag pattern after a breakout. The order book depth indicates sell orders stacking above 0.00915, but the price is consolidating here, showing strong buying support. The stop loss is set below the middle of the volume breakout bullish candle, offering a favorable risk-reward ratio. Market logic suggests that price increases accompanied by volume changes require analyzing the behavior of major players; the current market structure leans more toward a bullish handover after a successful breakout.
Trade here 👇 $GPS
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