【$THE Signal】Long | Healthy Cooldown After Breakout with Volume

After experiencing a volume surge of over 12%, the price is consolidating in a narrow range near the high. The 4H candlestick shows strong buying absorption of selling pressure. The current price remains above the key breakout level, indicating a typical bullish consolidation pattern rather than a top.

🎯 Direction: Long

🎯 Entry: 0.2400 - 0.2425

🛑 Stop Loss: 0.2160 $THE Rigid stop loss, below the low of the previous 4H bullish candle (

🚀 Target 1: 0.2700

🚀 Target 2: 0.3000

Technical Depth Logic: The price did not experience a deep retracement after breaking above the previous high of 0.2255, but instead formed a tight flag pattern at a high level. The 4H volume surged sharply during the breakout and then decreased during consolidation, indicating weakening selling pressure. Although the funding rate is negative, it formed during the rally, likely caused by passive short covering rather than active shorting sentiment. The order book shows buy orders far exceeding sell orders, providing strong support. As long as the price stays above the 0.2255 breakout level, further upward movement after consolidation is the higher probability path.

Trade here 👇 )
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#Is the current market bottoming out or just waiting on the sidelines?