After a single-day surge of over 40%, the price is currently consolidating at high levels. This is not a sign of topping out; rather, it is a normal cooling after a volume breakout—an indication that the market is gathering strength for the next move.
From a technical perspective, the key point is that open interest (OI) is clearly rising, and trading volume has also surged. This usually indicates that large funds are positioning themselves, not just short covering. After breaking through, the price has formed a tight flag pattern at high levels, with limited room for a pullback and light trading volume, suggesting that selling pressure has been absorbed. As long as the price holds above the initial breakout area, the bullish pattern remains intact, and higher price targets may be tested.
**Trading Strategy:** - 📍 Long position - Entry zone: 0.160 - 0.165 - Stop-loss: 0.152 (strict adherence) - First target: 0.185 - Second target: 0.205
The key is to hold support and wait for volume to confirm the acceleration opportunity.
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ChainChef
· 3h ago
nah the dip after that 40% pump is just the soufflé settling... big money's clearly marinating positions here, oi's simmering nicely. that flag pattern's tight enough to tell me sellers are already digested. if we hold above the breakout, menu's got more courses coming fr
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AirdropHunterKing
· 3h ago
Hey, it's the same old story. After a 40% surge, you say it's just consolidating at a high level to build momentum? I heard this same excuse last year with SHIB, and it dropped 20% immediately. I almost lost my mind haha
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ContractSurrender
· 3h ago
This wave of high-level oscillation still tests the mentality a lot. The signals of large capital布局 are quite obvious; it all depends on whether it can hold that support level.
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Entering at 0.160 is a bit tight; I prefer to wait for a pullback before buying in.
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I've heard the flag pattern consolidation explanation too many times. The key is still volume; without it, it's just an empty shell.
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The selling pressure being digested so quickly? I don't quite believe it. Let's keep observing.
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The target of 205 is a bit optimistic; let's be more conservative and look at 185 first.
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Large capital is布局 here? Then retail investors should follow, since there's not much risk anyway.
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Setting a stop-loss at 0.152 is quite harsh; cutting losses is really painful, but it's true that strict execution is necessary.
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After a 40% surge, it stopped moving. It does look like it's gathering strength, which is quite interesting.
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GasWastingMaximalist
· 4h ago
The sell orders have been absorbed, now it's time to rush in. Enter at 0.165 and take a gamble.
After a single-day surge of over 40%, the price is currently consolidating at high levels. This is not a sign of topping out; rather, it is a normal cooling after a volume breakout—an indication that the market is gathering strength for the next move.
From a technical perspective, the key point is that open interest (OI) is clearly rising, and trading volume has also surged. This usually indicates that large funds are positioning themselves, not just short covering. After breaking through, the price has formed a tight flag pattern at high levels, with limited room for a pullback and light trading volume, suggesting that selling pressure has been absorbed. As long as the price holds above the initial breakout area, the bullish pattern remains intact, and higher price targets may be tested.
**Trading Strategy:**
- 📍 Long position
- Entry zone: 0.160 - 0.165
- Stop-loss: 0.152 (strict adherence)
- First target: 0.185
- Second target: 0.205
The key is to hold support and wait for volume to confirm the acceleration opportunity.