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Currently, the price is around 1.329 USDT. Do you think we should keep grinding higher, or is it about time for a pullback?
To give a quick conclusion, I lean more towards: it looks like strong consolidation, not an urgent sign to short.
Here's my reasoning:
First, after the pullback, support remains, and there’s no obvious withdrawal of buying interest.
Second, there’s no continuous sell-off in the order book, so short-term it looks more like consolidation rather than weakening.
Additionally, focus on three types of bearish signals: failed breakout attempts, end of rebound traps, and key support breaks.
Suggested entry price: 1.318 USDT
Estimated target price: 1.398 USDT
Support level reference: 1.286 USDT
But the biggest risk at this level is a false breakout followed by a quick drop back.