#BABY is trading inside a Falling Wedge pattern on the 12H timeframe, which is generally a bullish reversal setup.
Price recently tapped the bottom of the wedge and is now reacting from the support zone (📍yellow arrow), suggesting a possible early move toward a breakout.
🟢 If an upside breakout occurs, key resistance targets are:
🎯 $0.05767
🎯 $0.06835
🎯 $0.07699
🎯 $0.08562
🎯 $0.09791
⚠️ Always use a tight stop-loss to manage risk and protect your capital.
Price recently tapped the bottom of the wedge and is now reacting from the support zone (📍yellow arrow), suggesting a possible early move toward a breakout.
🟢 If an upside breakout occurs, key resistance targets are:
🎯 $0.05767
🎯 $0.06835
🎯 $0.07699
🎯 $0.08562
🎯 $0.09791
⚠️ Always use a tight stop-loss to manage risk and protect your capital.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.