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BAKEUSDT Perpetual on Binance with the 1D timeframe selected. Letās break this down technically and suggest potential future buy zones based on current price action and indicators:
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Current Overview: ⢠Last Price: $0.1295 ⢠24h Change: +5.46% ⢠24h High / Low: $0.1307 / $0.1218 ⢠Recent Low: $0.0941 ⢠Mark Price: $0.1294 ⢠Volume (24h): 64.74M BAKE
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Chart Structure & Price Action: ⢠Price hit a local bottom at $0.0941, which now acts as strong support. ⢠Itās in the middle of a recovery forming a higher low (bullish structure). ⢠Current short-term resistance is around $0.1307-$0.135, which itās approaching.
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Indicators: ⢠MACD: ⢠MACD line crossing above signal line: bullish crossover. ⢠Histogram is green and increasingāmomentum is building. ⢠Volume: ⢠Spiking slightly during green candlesābuyers stepping in. ⢠Moving Averages (MA): ⢠MA(5) below MA(10), but converging. If crossover occurs, it will confirm trend reversal.
If youāre looking to enter or scale into positions: 1. Aggressive Entry: ⢠Current zone ($0.128 - $0.1305) on breakout of $0.135 with stop-loss below $0.121 ⢠Risky, but can ride the momentum if confirmed breakout 2. Safer Re-entry (Pullback strategy): ⢠$0.115 - $0.118: Former resistance turned support ⢠$0.102 - $0.105: Strong demand before recent rally 3. Deep Buy (Dip strategy): ⢠$0.094 - $0.098: High confluence zone; optimal for long-term hold
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Strategy Tips: ⢠Wait for daily candle close above $0.135 to confirm breakout. ⢠Use MACD & RSI confluence with volume for entries. ⢠Consider laddering buys if price retraces to highlighted zones. ⢠Tighten stops if entering during momentum to manage risk.
Mega bullish rallies of Alt-coins bave started, you all were curious that i been posting about altcoins pump lately but doubted , now you see every single altcoin is being pumped , also Bitcoin as i said is going for bull run again and target 150k USD THIS YEAR!