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【$BIRB Signal】Long | Healthy Reset After Explosive Breakout
$BIRB After a 20% surge on high volume, the price is consolidating in a narrow range at a high level. This is a typical healthy cooldown after major institutional entry, not a top distribution. The market shows strong buying absorption with no signs of panic selling.
🎯 Direction: Long
🎯 Entry: 0.290 - 0.295
🛑 Stop Loss: 0.275 ( Rigid Stop Loss )
🚀 Target 1: 0.330
🚀 Target 2: 0.360
The price is consolidating near the top of a massive bullish candle, which is a strong signal. Rising open interest along with price increases indicates new long positions are entering, rather than short squeezes. The current consolidation is a correction of overbought indicators. As long as it doesn’t break below the support in the upper middle part of the breakout candle, the market structure remains bullish. Small losses, big gains—probability is on our side.
Trade here 👇 $BIRB
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