【$C98 Signal】Long | Healthy Pullback After Explosive Breakout

After completing a volume breakout on the 4-hour chart, $C98 is consolidating in a narrow range above the previous high resistance zone. Price action indicates that buying pressure is continuously absorbing selling pressure in the 0.0278-0.0280 range, forming a healthy reset. The funding rate is significantly negative (-0.4933%), indicating strong bearish sentiment, fueling a short squeeze. Order book depth shows massive buy support below 0.0278-0.0280, while selling pressure above is relatively light.

🎯 Direction: Long

🎯 Entry: 0.0278 - 0.0282

🛑 Stop Loss: 0.0273 ( Rigid stop loss, below the dense buy zone )

🚀 Target 1: 0.0305

🚀 Target 2: 0.0328

Hardcore logic: After breaking out of the 0.0247-0.0263 consolidation zone, a massive bullish candle (volume 339M) confirmed bullish momentum. The current pullback has not fallen below 50% of the breakout candle (around 0.0270), and a tight flag pattern has formed at the high, indicating a strong continuation structure. The negative funding rate diverging from the rising price signals a potential short squeeze. As long as the price holds above the breakout upper boundary (0.0273-0.0278) and uses it as support, testing the liquidity gap above 0.0305 is a higher probability path. Small losses, large gains, excellent risk-reward ratio.

Trade here 👇 $C98

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