【$TAG Signal】Long | Healthy Pullback After Strong Breakout

$TAG After breaking above the previous high of 0.000354 with increased volume, the price is now consolidating in a narrow range at a high level. This is a typical healthy reset after a breakout, not a top distribution.

🎯Direction: Long

🎯Entry: 0.000368 - 0.000372

🛑Stop Loss: 0.000345 (Breaks below previous high support and EMA20, invalidating the logic)

🚀Target 1: 0.000395

🚀Target 2: 0.000420

Market Analysis: On the 4-hour chart, a volume-driven long bullish candle broke through the key resistance of 0.000354, confirming a reversal of the short-term downtrend. Although RSI( is at 72.52) in the overbought zone, the funding rate is only 0.0050%, indicating no extreme greed, and open interest(OI) remains stable, ruling out short squeeze risk.

Strong Logic: The price has stabilized above EMA20(0.0003), confirming a bullish trend. Depth data shows buy orders(Bids) are significantly thicker than sell orders(Asks), with a depth imbalance of 7.77%, indicating strong institutional buying support and accumulation intent below.

Current pullback volume is shrinking, which is a natural cooling after a breakout. The key support has shifted from the previous resistance of 0.000354 to a new support level. As long as the price stays above this level, the breakout’s validity is reinforced, increasing the likelihood of further upward continuation. Risk-reward ratio(R:R) is greater than 2.5, aligning with mathematical advantage.

Trade here 👇 $TAG

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