š Spot Trade Signal ā BGB/USDT
Exchange: Bitget
Pair: BGB/USDT (Daily Chart)
š Technical Analysis:
BGB has broken out of a long-term descending trendline (marked in blue).
The breakout is occurring with strong bullish candles and rising volume, adding confidence to the move.
Price is now sustaining above the trendline, indicating a potential trend reversal.
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Signal: BUY (Spot)
Entry Zone: $5.10ā$5.15 (current breakout range)
Short-Term Target 1: $5.60
Medium-Term Target 2: $6.20
Long-Term Target 3: $7.00+
š”ļø Stop Loss:
Below $4.80 (to invalidate breakout)
š Why This Trade?
Breakout from a multi-month downtrend often leads to momentum continuation.
Volume spike + structure change = early confirmation of bullish shift.
š Note: Always manage risk according to your portfolio size.
š
Timeframe: Mid-term swing (days to weeks)