【$COLLECT Signal】Long | Healthy Pullback After Breakout with Volume
After completing a volume breakout on the 4H chart, $COLLECT is undergoing a healthy pullback and consolidation. The price is supported above the key breakout level of 0.0375, with buying pressure continuously absorbing selling pressure, forming a flag pattern under high trading volume.
🎯 Direction: Long
🎯 Entry: 0.0398 - 0.0404
🛑 Stop Loss: 0.0369 ( Rigid stop loss, below the breakout zone and recent lows )
🚀 Target 1: 0.0450
🚀 Target 2: 0.0495
Solid logic: The 4H candlestick chart shows two volume-driven rallies (bars 2 and 5), accompanied by increasing open interest, indicating institutional participation rather than short covering. Currently, the price is consolidating within a narrow range above the breakout zone (0.0375-0.0380). The order book shows dense support from buy orders at 0.04035-0.04037. Funding rates are positive but not overheated, indicating healthy bullish sentiment. Price action shows higher highs and higher lows, with decreasing volume on pullbacks, a typical accumulation pattern after a breakout. As long as the breakout zone holds, upward momentum will continue.
#Is the current market bottoming out or just waiting on the sidelines?
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【$COLLECT Signal】Long | Healthy Pullback After Breakout with Volume
After completing a volume breakout on the 4H chart, $COLLECT is undergoing a healthy pullback and consolidation. The price is supported above the key breakout level of 0.0375, with buying pressure continuously absorbing selling pressure, forming a flag pattern under high trading volume.
🎯 Direction: Long
🎯 Entry: 0.0398 - 0.0404
🛑 Stop Loss: 0.0369 ( Rigid stop loss, below the breakout zone and recent lows )
🚀 Target 1: 0.0450
🚀 Target 2: 0.0495
Solid logic: The 4H candlestick chart shows two volume-driven rallies (bars 2 and 5), accompanied by increasing open interest, indicating institutional participation rather than short covering. Currently, the price is consolidating within a narrow range above the breakout zone (0.0375-0.0380). The order book shows dense support from buy orders at 0.04035-0.04037. Funding rates are positive but not overheated, indicating healthy bullish sentiment. Price action shows higher highs and higher lows, with decreasing volume on pullbacks, a typical accumulation pattern after a breakout. As long as the breakout zone holds, upward momentum will continue.
Trade here 👇 $COLLECT
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#Is the current market bottoming out or just waiting on the sidelines?