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【$NAORI Signal】Long Position: Breakout and Retest Confirmation
$NAORI After a massive surge of 116%, the price is undergoing healthy cooling and consolidation. The price is strongly consolidating above the breakout zone, which is a typical behavior of profit-taking and main force accumulation, rather than a top formation.
🎯 Direction: Long
🎯 Entry: 0.048 - 0.051
🛑 Stop Loss: 0.045 ( Rigid Stop Loss )
🚀 Target 1: 0.060
🚀 Target 2: 0.070
The massive increase in $NAORI accompanied by high open interest indicates that the main funds are entering rather than purely short covering. Currently, the price has retreated to the support zone that was previously resistance after breaking out. Buying pressure on lower timeframes continues to absorb sell orders, forming high-volume nodes. As long as the price stays above 0.045, the market structure remains intact, and a high-probability path is to retest the previous high.
Trade 👇 $NAORI
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