【$AERGO Signal】Long | Healthy Pullback After Volume Breakout

After completing a volume breakout on the 4-hour chart, $AERGO is consolidating in a narrow range above the previous high resistance zone, which is a typical healthy reset after a breakout. The order book shows sparse sell orders, with buy orders continuously absorbing around 0.0585, and no signs of large-scale profit-taking pressure.

🎯 Direction: Long

🎯 Entry: 0.0580 - 0.0585

🛑 Stop Loss: 0.0554 ( Rigid stop loss, below the low of the previous 4-hour candle )

🚀 Target 1: 0.0620

🚀 Target 2: 0.0650

Technical logic: The price surged within a single 4H candle with nearly 10 times the usual volume, breaking above the previous consolidation zone upper boundary at 0.0558, which is a clear signal of main capital entering. Subsequently, the candle consolidated with reduced volume above the breakout level, not falling below 50% of the breakout candle (0.0565), indicating exhausted selling pressure and a strong consolidation. Although the funding rate is negative, during the initial stage of a strong rally, this helps to clear out high-leverage longs and reduce selling pressure for subsequent upward movement. The current price is closely aligned with the buy zone in the order book, with solid support structure.

Trade here 👇 $AERGO

---

Follow me: Get more real-time analysis and insights into the crypto market!

‍#Gate广场创作者新春激励

#Is the current market bottoming out or just waiting and watching?