【$PTB Signal】Long | Healthy Pullback After Explosive Breakout
After completing an explosive breakout on the 4-hour chart, $PTB is undergoing a healthy pullback and chip exchange below the previous high resistance zone (0.0018).
🎯 Direction: Long
🎯 Entry: 0.00158 - 0.00162
🛑 Stop Loss: 0.00151 ( Rigid Stop Loss )
🚀 Target 1: 0.00180
🚀 Target 2: 0.00200
Hardcore Logic: The third 4-hour candle shows a massive surge (36B), with buy/sell ratio stable at 0.51, indicating active buying pressure rather than a short squeeze. The following two candles show a volume contraction during the pullback, but the price remains above the breakout level of 0.00152, and Taker continues to buy, indicating that the main force is absorbing profit-taking. Open interest remains stable, with no signs of distribution to push the price higher. The current pullback structure is tight, with very light selling pressure, typical of a healthy reset after a breakout. As long as the key support at 0.00152 holds, a retest of the previous high is highly probable.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
【$PTB Signal】Long | Healthy Pullback After Explosive Breakout
After completing an explosive breakout on the 4-hour chart, $PTB is undergoing a healthy pullback and chip exchange below the previous high resistance zone (0.0018).
🎯 Direction: Long
🎯 Entry: 0.00158 - 0.00162
🛑 Stop Loss: 0.00151 ( Rigid Stop Loss )
🚀 Target 1: 0.00180
🚀 Target 2: 0.00200
Hardcore Logic: The third 4-hour candle shows a massive surge (36B), with buy/sell ratio stable at 0.51, indicating active buying pressure rather than a short squeeze. The following two candles show a volume contraction during the pullback, but the price remains above the breakout level of 0.00152, and Taker continues to buy, indicating that the main force is absorbing profit-taking. Open interest remains stable, with no signs of distribution to push the price higher. The current pullback structure is tight, with very light selling pressure, typical of a healthy reset after a breakout. As long as the key support at 0.00152 holds, a retest of the previous high is highly probable.
Trade here 👇 $PTB
---
Follow me: Get more real-time analysis and insights into the crypto market!