【$H Signal】Long | Volume and Price Rise Breakout Pattern
After a 6.54% increase with volume, the price action shows signs of institutional entry rather than just short covering. Open interest has also increased to 174 million, confirming active buying. The current chart is in a healthy consolidation phase after the breakout, with no significant selling pressure.
🎯 Direction: Long
🎯 Entry: 0.1140 - 0.1165
🛑 Stop Loss: 0.1100 $H Rigid Stop Loss (
🚀 Target 1: 0.1250
🚀 Target 2: 0.1320
Logical core: Price rising accompanied by a significant increase in open interest is a typical signal of institutional capital entering, rather than a short squeeze driven by short covering. After the breakout, the price formed a tight flag consolidation at high levels, with LTF pullbacks quickly absorbed, indicating strong buying support. There is no effective supply above the key support zone (0.114-0.116), and the market structure favors bulls. This is a trend-following trade with a favorable risk-reward ratio of better than 1:2.
Trade here 👇 ) ---
Follow me: Get more real-time analysis and insights on the crypto market!
$H
#Is the current market bottoming out or just watching?
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
【$H Signal】Long | Volume and Price Rise Breakout Pattern
After a 6.54% increase with volume, the price action shows signs of institutional entry rather than just short covering. Open interest has also increased to 174 million, confirming active buying. The current chart is in a healthy consolidation phase after the breakout, with no significant selling pressure.
🎯 Direction: Long
🎯 Entry: 0.1140 - 0.1165
🛑 Stop Loss: 0.1100 $H Rigid Stop Loss (
🚀 Target 1: 0.1250
🚀 Target 2: 0.1320
Logical core: Price rising accompanied by a significant increase in open interest is a typical signal of institutional capital entering, rather than a short squeeze driven by short covering. After the breakout, the price formed a tight flag consolidation at high levels, with LTF pullbacks quickly absorbed, indicating strong buying support. There is no effective supply above the key support zone (0.114-0.116), and the market structure favors bulls. This is a trend-following trade with a favorable risk-reward ratio of better than 1:2.
Trade here 👇 )
---
Follow me: Get more real-time analysis and insights on the crypto market!
$H
#Is the current market bottoming out or just watching?