Possible Bull Flag Forming on $chillguy (1H Chart)
Spotted a potential bull flag setup on the 1-hour timeframe:
After a sharp pump to 0.10257, price is now consolidating in a downward channel.
This classic flag formation could lead to another bullish leg if a breakout occurs.
Technical Breakdown:
Entry Zone: Breakout above 0.0945–0.0950 (watch for volume confirmation)
Stop-Loss: Below recent support at 0.0890
Target: Based on the flagpole, potential move up to ~0.1149
EMAs are supportive:
EMA(20): Currently at 0.0939
EMA(200): Rising at 0.0869 — long-term trend looks bullish.
Watching closely for a breakout! Trade safe and manage your risk.
