【$B Signal】Long position: Healthy pullback after breakout

$B After a massive surge on the 4-hour chart, the price consolidates within a narrow range below the previous high resistance zone. The price remains above the breakout zone, with buying pressure continuously absorbing selling pressure, forming a healthy reset. High funding rates indicate overheated sentiment, but open interest has not significantly decreased, suggesting that the main players have not exited the market. Currently, the buy order depth far exceeds the sell order depth, providing immediate support for the price.

🎯 Direction: Long

🎯 Entry: 0.1700 - 0.1710

🛑 Stop Loss: 0.1620 ( Rigid stop loss, below the previous 4-hour candle low )

🚀 Target 1: 0.1840 ( Previous high )

🚀 Target 2: 0.2000 ( Psychological barrier )

Logical core: The price has confirmed a pullback above the key breakout level of 0.138. The last 4-hour candle has a very small body and volume sharply declined, indicating exhaustion of selling pressure, a typical flag pattern after a breakout. The order book shows a large accumulation of buy orders in the 0.1708-0.1709 range, forming micro support. The stop loss is set below the starting point of the volume-increasing bullish candle, offering a favorable risk-reward ratio. The profit is based on the probability of trend continuation after the breakout.

Trade here 👇 $B

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‍#Gate广场创作者新春激励 Is the current market bottoming out or just observing?