$BABY Pullback or Prep for Breakout?
After forming a double bottom at $0.07120, $BABY surged into consolidation and attempted another breakout at $0.05713. However, the trend reversed, dragging the price into a strong downtrend with a low at $0.04992. Now, the market is trying to pull back from oversold conditions and is currently trapped between key support and resistance.
Trade Idea (Cautious Long):
• Entry Zone: $0.04540 – $0.04630
• TP1: $0.04880
• TP2: $0.05100
• TP3: $0.05320
• Stop Loss: Below $0.04400
Market Insight: Pullback attempts are often traps unless confirmed. Wait for breakout above resistance or rejection signs at the top of the range. Don't rush precision matters.
buy and trade here on $BABY