【$PTB Signal】Bullish | Healthy consolidation after volume and price breakout
$PTB After a massive surge, the price enters a high-level consolidation, tightly trading above the breakout level, indicating effective absorption by buyers with no signs of panic selling.
🎯 Direction: Long
🎯 Entry: 0.001900 - 0.001910
🛑 Stop Loss: 0.001850 ( Rigid Stop Loss )
🚀 Target 1: 0.002100
🚀 Target 2: 0.002300
Logical core: The 4H cycle shows a classic structure of volume breakout + volume contraction for a pullback. Supporting data: 1) When the price surged 16.5%, open interest (OI) remained stable, indicating not a short squeeze but new long positions entering. 2) Taker buy orders dominated the rise, clearly showing the main force's accumulation intent. 3) The current consolidation zone (0.00190-0.00191) has significantly thicker buy orders than sell orders, with market sentiment leaning towards holding. After healthy reset, the probability of upward continuation is higher.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
【$PTB Signal】Bullish | Healthy consolidation after volume and price breakout
$PTB After a massive surge, the price enters a high-level consolidation, tightly trading above the breakout level, indicating effective absorption by buyers with no signs of panic selling.
🎯 Direction: Long
🎯 Entry: 0.001900 - 0.001910
🛑 Stop Loss: 0.001850 ( Rigid Stop Loss )
🚀 Target 1: 0.002100
🚀 Target 2: 0.002300
Logical core: The 4H cycle shows a classic structure of volume breakout + volume contraction for a pullback. Supporting data: 1) When the price surged 16.5%, open interest (OI) remained stable, indicating not a short squeeze but new long positions entering. 2) Taker buy orders dominated the rise, clearly showing the main force's accumulation intent. 3) The current consolidation zone (0.00190-0.00191) has significantly thicker buy orders than sell orders, with market sentiment leaning towards holding. After healthy reset, the probability of upward continuation is higher.
Trade here 👇 $PTB
---
Follow me: Get more real-time analysis and insights on the crypto market!