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【$TAIKO Signal】Long | Healthy Reset After Breakout with Volume
$TAIKO After a 22.98% increase with volume, the price is cooling down and digesting the open interest at high levels. The chart shows a healthy reset after the breakout, not a top distribution.
🎯 Direction: Long
🎯 Entry: 0.198 - 0.202
🛑 Stop Loss: 0.185 ( Rigid Stop Loss )
🚀 Target 1: 0.235
🚀 Target 2: 0.260
After a massive surge, the price did not experience panic selling but entered a narrow consolidation. The open interest remains high, indicating that the main funds have not exited. The current consolidation is a typical profit-taking and floating position exchange. Corrections on lower time frames (LTF) are quickly absorbed by buying, showing strong support below. As long as the price can hold above the breakout confirmation zone of 0.195-0.200, the probability of continuing upward is very high.
Trade here 👇 $TAIKO
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