【$IN Signal】Long | Healthy Reset After Breakout with Volume
$IN After a single-day surge of 41%, it is currently consolidating within a narrow range at high levels. The price action indicates healthy profit-taking and liquidity reset, rather than a top distribution. Strong buy-side absorption is observed, with no signs of panic selling.
The massive increase in $IN accompanied by a significant rise in open interest is a clear signal of main capital entering, rather than just a short squeeze. After breaking out, the price consolidates strongly above the previous high, forming higher lows (HL), which is a typical continuation pattern. Each retracement on the lower timeframe (LTF) is quickly absorbed, indicating market sentiment remains bullish. As long as the price stays above the key support at 0.0720, a second upward wave is highly probable.
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【$IN Signal】Long | Healthy Reset After Breakout with Volume
$IN After a single-day surge of 41%, it is currently consolidating within a narrow range at high levels. The price action indicates healthy profit-taking and liquidity reset, rather than a top distribution. Strong buy-side absorption is observed, with no signs of panic selling.
🎯 Direction: Long
🎯 Entry: 0.0780 - 0.0810
🛑 Stop Loss: 0.0720 ( Rigid stop loss, invalidates if broken )
🚀 Target 1: 0.0950
🚀 Target 2: 0.1100
The massive increase in $IN accompanied by a significant rise in open interest is a clear signal of main capital entering, rather than just a short squeeze. After breaking out, the price consolidates strongly above the previous high, forming higher lows (HL), which is a typical continuation pattern. Each retracement on the lower timeframe (LTF) is quickly absorbed, indicating market sentiment remains bullish. As long as the price stays above the key support at 0.0720, a second upward wave is highly probable.
Trade 👇 here $IN
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