【$SPACE Signal】Long | Healthy Reset After Breakout with Volume
$SPACE After a 24% surge with increased volume over 24 hours, the price is consolidating within a narrow range at high levels. The price action indicates healthy profit-taking and liquidity reset, rather than a top distribution. The order book shows strong buy absorption with no signs of panic selling.
🎯 Direction: Long
🎯 Entry: 0.00685 - 0.00705
🛑 Stop Loss: 0.00655 ( Rigid stop loss, invalidates the structure if broken )
🚀 Target 1: 0.00780
🚀 Target 2: 0.00850
Hardcore logic: After a massive surge, the price did not experience a waterfall decline but instead formed a tight flag pattern at high levels. This indicates that the main capital has not exited but is absorbing short-term profit-taking, accumulating energy for the next push upward. Open interest (OI) data should be observed in conjunction; if OI remains stable or slightly increases during consolidation, it confirms bullish accumulation. Under the current structure, the probability of continued upward movement is clearly favored.
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【$SPACE Signal】Long | Healthy Reset After Breakout with Volume
$SPACE After a 24% surge with increased volume over 24 hours, the price is consolidating within a narrow range at high levels. The price action indicates healthy profit-taking and liquidity reset, rather than a top distribution. The order book shows strong buy absorption with no signs of panic selling.
🎯 Direction: Long
🎯 Entry: 0.00685 - 0.00705
🛑 Stop Loss: 0.00655 ( Rigid stop loss, invalidates the structure if broken )
🚀 Target 1: 0.00780
🚀 Target 2: 0.00850
Hardcore logic: After a massive surge, the price did not experience a waterfall decline but instead formed a tight flag pattern at high levels. This indicates that the main capital has not exited but is absorbing short-term profit-taking, accumulating energy for the next push upward. Open interest (OI) data should be observed in conjunction; if OI remains stable or slightly increases during consolidation, it confirms bullish accumulation. Under the current structure, the probability of continued upward movement is clearly favored.
Trade here 👇 $SPACE
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