This looks like a classic breakout play, especially with that liquidation wick acting as a signal of a potential reversal or continuation. Here's a quick trader's digest of what you're seeing:
TL;DR – $BABY ABY Trade Setup:
Current Vibe: Bulls are flexing, shorts just got squeezed.
Buy Zone: $0.09600 – $0.10150 (accumulation & possible retest area).
Resistance Levels / Targets:
T1: $0.10850 – minor resistance
T2: $0.11500 – key breakout level
T3: $0.12400 – extended target if volume pours in
Stop-Loss: Below $0.09450 with confirmation (volume matters here).
What to Watch For:
Consolidation or bullish flag forming around $0.10150 = potential re-entry signal.
Volume spikes near $0.10850–$0.11500 = confirmation for next leg up.
Weak bounce + high volume dump = be cautious, fakeout possible.
Want me to make a chart or graphic summary for this?