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, and current sell pressure is slight.
🎯 Direction: Long
🎯 Entry: 0.518 - 0.522
🛑 Stop loss: 0.464 ( Rigid stop loss, confirm structure failure if broken below previous low )
🚀 Target 1: 0.616 ( Test previous high )
🚀 Target 2: 0.680 ( Based on breakout structure 1:1 extension )
Hardcore logic: The 4-hour candlestick shows that the rally from 0.374 to 0.616 was accompanied by a significant increase in open interest (OI) and volume, which is a typical sign of main capital entering the market, rather than just short covering. Subsequently, the candle found support at 0.4641 and rebounded quickly, forming a higher low (HL), confirming effective buy-side absorption. The current funding rate of -0.38% is negative, indicating market sentiment is not overheated, providing favorable odds for bulls. Price consolidates tightly around the first supply zone after breakout (near 0.52), which is a typical “healthy reset” after a breakout. As long as the previous low at 0.464 is maintained, the probability of continuing upward remains high.
Trade here 👇 $BERA
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#Gate广场创作者新春激励 #Is the current market bottoming or just watching?