【$BEAT Signal】Long | Healthy Consolidation After Breakout with Volume
$BEAT After breaking above the previous high with volume, the price consolidates at a high level between 0.205-0.207. The price action indicates a healthy cooldown after the breakout, not selling pressure at a top.
Market logic: On the 4-hour chart, volume breakout above the key resistance at 0.20 indicates a healthy move. Stable open interest suggests it’s not just a short squeeze. Although Taker Volume shows net selling, the price refuses to undergo a deep correction and forms dense buy support above 0.205 (as shown in the order book). This is a typical pattern of buy absorption after a breakout. The funding rate is positive but not overheated, indicating a healthy bullish environment. The price consolidates tightly above the breakout zone with no significant selling pressure, increasing the likelihood of an upward continuation.
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【$BEAT Signal】Long | Healthy Consolidation After Breakout with Volume
$BEAT After breaking above the previous high with volume, the price consolidates at a high level between 0.205-0.207. The price action indicates a healthy cooldown after the breakout, not selling pressure at a top.
🎯 Direction: Long
🎯 Entry: 0.2050 - 0.2070
🛑 Stop Loss: 0.1980 ( Rigid stop loss, below the previous breakout candle low )
🚀 Target 1: 0.2250
🚀 Target 2: 0.2400
Market logic: On the 4-hour chart, volume breakout above the key resistance at 0.20 indicates a healthy move. Stable open interest suggests it’s not just a short squeeze. Although Taker Volume shows net selling, the price refuses to undergo a deep correction and forms dense buy support above 0.205 (as shown in the order book). This is a typical pattern of buy absorption after a breakout. The funding rate is positive but not overheated, indicating a healthy bullish environment. The price consolidates tightly above the breakout zone with no significant selling pressure, increasing the likelihood of an upward continuation.
Trade here 👇 $BEAT
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