Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
After the volume breakout, the bullish momentum of this coin is indeed quite evident. You can see on the chart that buying pressure continues to absorb, with both trading volume and open interest increasing, which is a typical bullish confirmation signal. When the price retraces and touches above the breakout level, it gets absorbed. This rhythm of pullback followed by continued upward push is basically the work of the main players.
Currently, there is no sign of particularly strong selling pressure on the chart, which means the shorting force has not truly entered. As long as the bullish structure remains intact, there is considerable room for further upward movement. From a technical perspective, the current price is at 0.2899 USDT, with the main support below at 0.234, about 18.55% apart. There is also a support zone around 0.2273 to 0.2278.
From a trading standpoint, this volume breakout combined with no obvious selling pressure is still worth seizing. Of course, the premise is that the bullish structure does not break down. If you have ideas about this market move, now might be a good time to enter, but risk management must be in place.