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 is significantly stronger on the buy side than on the sell side (1844/1844/1300), indicating strong support below. Funding rates remain positive but not overheated. Open interest has surged alongside price increases, suggesting main capital inflow rather than short covering.
🎯 Direction: Long
🎯 Entry: 0.0895 - 0.0910
🛑 Stop Loss: 0.0848 ( Rigid stop loss, below the pre-breakout low point )
🚀 Target 1: 0.0980
🚀 Target 2: 0.1040
Core logic: The price has achieved a volume breakout of over 15% within a single 4H candle (0.08346→0.098), followed by a pullback controlled near the 38.2% Fibonacci retracement level (0.0905), indicating a strong consolidation pattern. Currently, the price is consolidating above the combined support zone formed by the upper boundary of the breakout area (0.083-0.084) and the midpoint of the volume candle (0.0907). The order book shows accumulated buy orders, and there is no panic selling pressure in the market. This pullback effectively cleans out short-term floating chips, setting the stage for the next upward wave. As long as the stop loss level is not broken, testing the previous high and extending upward is the probabilistic advantage path.
Trade here 👇 $ALCH
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#Is the current market bottoming out or just waiting on the sidelines?