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【$BEAT Signal】Long | Healthy Pullback After Explosive Breakout
$BEAT After completing an explosive breakout on the 4-hour chart, the price is consolidating in a narrow range above the previous high resistance zone. The price action indicates a healthy pullback rather than a top sell-off. Buying pressure continues to absorb selling in the 0.1885-0.1963 range. Although the funding rate is positive, it is not overheated, and stable open interest suggests that the main players are still holding positions.
🎯 Direction: Long
🎯 Entry: 0.1920 - 0.1950
🛑 Stop Loss: 0.1850 ( Rigid stop loss, below the lower boundary of the previous breakout zone )
🚀 Target 1: 0.2150
🚀 Target 2: 0.2350
Depth Logic: The last 4-hour candle closed above the midpoint of the bullish candle body, forming a strong flag pattern. The order book shows dense buy orders accumulating at 0.1960-0.1963, creating immediate support. The price did not retrace significantly after breaking above the previous high of 0.1844, shifting market sentiment from FOMO to calm handover, preparing for the next upward push. The key is whether the price can hold above 0.1902 (the high of the previous candle) to maintain the upward structure.
Trade here 👇 $BEAT
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#Gate广场创作者新春激励 #Is the current market bottoming out or just waiting on the sidelines?