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. This is a typical healthy cooldown after a breakout, not a top formation. Market depth shows very thin selling pressure (only a few orders above 0.5038), funding rates remain positive but not overheated, indicating stable bullish sentiment.
🎯 Direction: Long
🎯 Entry: 0.4980 - 0.5030
🛑 Stop Loss: 0.4680 $PIEVERSE Rigid stop loss, below the low of the breakout candle (
🚀 Target 1: 0.5500
🚀 Target 2: 0.6000
Hardcore logic: The price forms a tight flag pattern above the key resistance level (0.4793), with volume contracting after the breakout. This is a typical sign of buy-side absorption and healthy reset. The 4-hour candlestick shows the breakout candle (0.4323-0.4793) has a large real body and significant open interest increase, indicating main force entry. The current consolidation zone (0.4685-0.506) does not show amplified selling pressure, and market psychology leans toward reluctance to sell. The stop loss is set below the breakout candle's low, offering a favorable risk-reward ratio, consistent with probabilistic trading principles.
Trade here 👇 )
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#Is the current market bottoming out or just watching?