【$C98 Signal】Long | Healthy Cooldown After Massive Breakout

$C98 After completing a massive breakout on the 4-hour chart, the price is consolidating tightly above the breakout level, which is a healthy reset rather than a top.

🎯Direction: Long

🎯Entry: 0.0310 - 0.0313

🛑Stop Loss: 0.0295 (Rigid stop loss, below the previous 4-hour candle low and dense trading zone)

🚀Target 1: 0.0350

🚀Target 2: 0.0380

Hardcore Logic: The 4-hour candles show three consecutive volume-increasing bullish candles completing a key breakout. The last candle has a long upper shadow but did not break the previous low, indicating typical profit-taking. Currently, the price is consolidating above the breakout zone (0.027-0.028), with order book depth showing heavy buy orders at 0.0312-0.0313 forming immediate support. Funding rates are significantly negative (-0.7042%), indicating market sentiment remains bearish or there are large hedging positions, fueling potential short squeeze upward. Price action (PA) shows selling pressure has been effectively absorbed. As long as the price stays above 0.0295, pullbacks present buying opportunities.

Trade here 👇 $C98

---

Follow me: Get more real-time analysis and insights on the crypto market!

‍#Gate广场创作者新春激励

#Is the current market bottoming or just waiting?