I've been watching the 4-hour candlestick chart lately and noticed a pretty interesting pattern. The price broke right through the resistance zone around 0.18102. Such a clean and decisive breakout usually signals that the bulls are starting to take control. Now, we're in the middle of a technical pullback, which happens to be retesting the very spot that was just broken through—this area has now flipped from resistance to support.
If you're looking to position yourself, consider entering in batches around 0.18961. Set your stop loss at 0.16174; if this level is breached, the entire bullish thesis gets invalidated. As for targets? The first target is 0.23141, the second is 0.27321, and if you're more aggressive, you can aim even higher.
It's worth noting that the initial breakout was accompanied by increased volume—this wasn’t just a fake-out. Volume is the most honest indicator; it tells us that real money is flowing in. Of course, no trade is ever 100% certain, and maintaining discipline is key. As long as support holds, this setup remains valid.
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TestnetScholar
· 17h ago
Breakout and pullback to act as support—I'm on board with this logic. I'm just concerned that the capital inflow might not be as strong as expected.
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BearMarketBard
· 12-06 14:24
Damn, it's this kind of "perfect setup" narrative again. Every time they say there's a chance if the volume increases, but what happens? Retail investors still get trapped.
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MEVHunter
· 12-05 13:06
volume's not lying here, that breakout was clean af. watching the mempool for any sandwich attempts on this bounce tho... trust the support or get liquidated, those are your only options ngl
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Rugman_Walking
· 12-05 11:41
I believe in breakout signals with high volume, but if that 0.16174 line is really broken, I'll just admit defeat and won't try to catch the bottom.
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GasFeeBeggar
· 12-05 11:41
Damn, the trading volume is indeed not a lie, just worried it might be another trap for retail investors to buy at the top.
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PaperHandSister
· 12-05 11:39
Hey, wait a second, can this support level really hold? Feels like too many coins have been breaking down recently.
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not_your_keys
· 12-05 11:33
Damn, a breakout with volume really hits different. This time it really feels like something's happening.
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down_only_larry
· 12-05 11:13
Here we go again—calling it an opportunity just because of a breakout with increased volume. Somehow, I feel like this pullback is a bit intense this time.
#比特币对比代币化黄金 ⚡ $SAPIEN This pullback might be an opportunity
I've been watching the 4-hour candlestick chart lately and noticed a pretty interesting pattern. The price broke right through the resistance zone around 0.18102. Such a clean and decisive breakout usually signals that the bulls are starting to take control. Now, we're in the middle of a technical pullback, which happens to be retesting the very spot that was just broken through—this area has now flipped from resistance to support.
If you're looking to position yourself, consider entering in batches around 0.18961. Set your stop loss at 0.16174; if this level is breached, the entire bullish thesis gets invalidated. As for targets? The first target is 0.23141, the second is 0.27321, and if you're more aggressive, you can aim even higher.
It's worth noting that the initial breakout was accompanied by increased volume—this wasn’t just a fake-out. Volume is the most honest indicator; it tells us that real money is flowing in. Of course, no trade is ever 100% certain, and maintaining discipline is key. As long as support holds, this setup remains valid.
$PIEVERSE $BOB