【$LIFE Signal】Long | Healthy Reset After Breakout with Volume
$LIFE After a surge of 17.6% with high volume, the price is now cooling and consolidating at a high level. This is a typical healthy reset indicating the entry of major players, rather than a top distribution. The order book shows strong absorption of buy orders, with no signs of panic selling.
🎯 Direction: Long
🎯 Entry: 0.158 - 0.162
🛑 Stop Loss: 0.152 ( Rigid Stop Loss )
🚀 Target 1: 0.180
🚀 Target 2: 0.195
The rise of $LIFE is accompanied by a significant increase in open interest (OI), which is a clear signal of main capital entering the market, rather than short covering. After breaking out, the price formed a narrow flag pattern at a high level, indicating a continuation of strength. Corrections on lower time frames (LTF) were quickly absorbed, showing market sentiment has shifted from panic to bullish. As long as the price holds above the breakout support zone of 0.155-0.158, testing the previous high and opening new space is a higher probability path. Mathematically, this is a typical breakout retest trading setup with a risk-reward ratio better than 1:2.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
【$LIFE Signal】Long | Healthy Reset After Breakout with Volume
$LIFE After a surge of 17.6% with high volume, the price is now cooling and consolidating at a high level. This is a typical healthy reset indicating the entry of major players, rather than a top distribution. The order book shows strong absorption of buy orders, with no signs of panic selling.
🎯 Direction: Long
🎯 Entry: 0.158 - 0.162
🛑 Stop Loss: 0.152 ( Rigid Stop Loss )
🚀 Target 1: 0.180
🚀 Target 2: 0.195
The rise of $LIFE is accompanied by a significant increase in open interest (OI), which is a clear signal of main capital entering the market, rather than short covering. After breaking out, the price formed a narrow flag pattern at a high level, indicating a continuation of strength. Corrections on lower time frames (LTF) were quickly absorbed, showing market sentiment has shifted from panic to bullish. As long as the price holds above the breakout support zone of 0.155-0.158, testing the previous high and opening new space is a higher probability path. Mathematically, this is a typical breakout retest trading setup with a risk-reward ratio better than 1:2.
Trade here 👇 $LIFE
---
Follow me: Get more real-time analysis and insights on the crypto market!
#Gate广场创作者新春激励 #贵金属行情下跌 #GateLive直播挖矿公测开启 #加密市场回调