【$BIRB Signal】Long | Healthy Consolidation After Explosive Breakout

$BIRB After completing a massive breakout on the 4-hour chart, the price is consolidating at a high level above the previous resistance zone. The price action indicates healthy profit-taking and rotation rather than top-selling. The key support area shows deep buy order volume (3487@0.27424), while sell pressure above is sparse (37@0.27427), suggesting a bullish market structure. Negative funding rates imply that bearish sentiment still exists, providing potential fuel for short squeeze.

🎯 Direction: Long

🎯 Entry: 0.2720 - 0.2760

🛑 Stop Loss: 0.2657 ( Rigid stop loss, below the low of the previous 4-hour candle )

🚀 Target 1: 0.3077 ( Test previous high )

🚀 Target 2: 0.3400 ( Equal distance extension )

Hardcore logic: After a single massive bullish candle on the 4H chart (+30%), the price did not undergo a deep retracement but instead hovered near the high. This “high-level flag pattern” consolidation signals continued strength. The order book shows multiple large buy orders forming a support wall below the current price, while sell pressure above is minimal, indicating that major players have no intention of exiting and are absorbing floating positions. Rising prices under negative funding rates are more sustainable. As long as the price stays above the middle-upper region of the explosive candle (above 0.2657), breaking the previous high of 0.3077 is highly probable. Small losses, large gains, excellent risk-reward ratio.

Trade here 👇 $BIRB

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‍#Gate广场创作者新春激励 Is the current market bottoming out or just waiting on the sidelines?