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【$C98 Signal】Long | Healthy Pullback After Explosive Breakout
After a massive volume breakout on the 4-hour chart, the price is undergoing a healthy pullback and consolidation below the previous high resistance zone. The market shows continuous absorption of buy orders in the 0.0289-0.0290 range, with slight selling pressure.
🎯 Direction: Long
🎯 Entry: 0.0289 - 0.0292
🛑 Stop Loss: 0.0284 $C98 Rigid stop loss, below previous low and dense buy zone (
🚀 Target 1: 0.0325
🚀 Target 2: 0.0350
Hardcore logic: A massive bullish candle on the 4H chart broke out, followed by narrowing candlestick bodies and decreasing volume, indicating typical cooling after a breakout. Funding rates remain negative, favoring long positions. The order book shows strong buy support at 0.0289 with 648K orders, while sell pressure above gradually increases but has not formed massive suppression. The price is consolidating above the breakout zone, indicating strong strength. As long as it does not break below the previous low of 0.0284, testing the previous high of 0.0325 and 0.0350 upward is highly probable.
Trade here 👇 )
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$C98
#Is the current market bottoming or just watching?