Bulls Brother
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Bullish
$GUN ♨️♨️Pattern Breakdown♨️♨️
Symmetrical Triangle:
This pattern is formed when the price makes lower highs and higher lows, compressing into a tighter range over time.
It's a neutral pattern, meaning it doesn't inherently suggest a direction, but rather that a breakout is likely to occur soon—either upward or downward.
Key Observations:
Resistance Zone (Upper Triangle Line): Around $0.0543.
Support Zone (Lower Triangle Line): Currently near $0.046.
Volume Profile: Shows a volume buildup around the $0.046–$0.05 range, suggesting strong interest at this level.
RSI Indicator: Around 43, which is slightly bearish but not yet oversold.
Conclusion:
Breakout Above Triangle (>$0.0543) = Long opportunity, with target zones near $0.06–$0.07 or higher.
Breakdown Below Triangle (<$0.046) = Short opportunity, potential drop toward $0.04 or even lower.
Wait for confirmation of the breakout direction with strong volume before entering a trade. You can also set alerts at both triangle boundaries to stay prepared.
$GUN
Symmetrical Triangle:
This pattern is formed when the price makes lower highs and higher lows, compressing into a tighter range over time.
It's a neutral pattern, meaning it doesn't inherently suggest a direction, but rather that a breakout is likely to occur soon—either upward or downward.
Key Observations:
Resistance Zone (Upper Triangle Line): Around $0.0543.
Support Zone (Lower Triangle Line): Currently near $0.046.
Volume Profile: Shows a volume buildup around the $0.046–$0.05 range, suggesting strong interest at this level.
RSI Indicator: Around 43, which is slightly bearish but not yet oversold.
Conclusion:
Breakout Above Triangle (>$0.0543) = Long opportunity, with target zones near $0.06–$0.07 or higher.
Breakdown Below Triangle (<$0.046) = Short opportunity, potential drop toward $0.04 or even lower.
Wait for confirmation of the breakout direction with strong volume before entering a trade. You can also set alerts at both triangle boundaries to stay prepared.
$GUN
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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