A long-trade setup for $BB looks promising! Here's a breakdown:
Current Price: $0.1012
Support: $0.0930-$0.0860 (local bottoms and psychological floor)
Resistance: $0.1070 (MA-25 pivot), then $0.1250-$0.1450 zones
Targets:
TP1: $0.1070
TP2: $0.1250
TP3: $0.1450
Stop-Loss: Below support, e.g., $0.0850
The falling wedge breakout could signal a bullish shift, but caution is advised since the price is under key Moving Averages (MAs). What's your risk tolerance for this trade?