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【$NAORI Signal】Long Position: Breakout and Pullback Confirmation
$NAORI After a massive surge of 133%, the price is consolidating above a critical breakout level. The price action indicates healthy profit-taking and rotation, rather than a top distribution.
🎯 Direction: Long
🎯 Entry: 0.0520 - 0.0550
🛑 Stop Loss: 0.0480 ( Rigid Stop Loss )
🚀 Target 1: 0.0650
🚀 Target 2: 0.0750
The massive increase in $NAORI is accompanied by a surge in open interest, which is a typical sign of main capital entering the market, rather than just short covering. After breaking out, the price retraced to the previous high area, forming a support level. Buying interest continues to absorb sell orders on lower timeframes, without panic selling. As long as the price stays above 0.0480 support, the market structure remains bullish. The pullback is a healthy reset, building momentum for the next upward move.
Trade 👇 $NAORI
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