BOB/USDT is forming a descending triangle on the 4H chart. Price is making lower highs while holding support around $0.05100. This is typically a bearish pattern.
🔍 Key Levels
Support: $0.05100 (being tested again)
Immediate Resistance: $0.05582
Next Support Zone if Breakdown: $0.048 – $0.045
📉 Bearish Scenario
If price breaks below $0.05100, expect a quick fall toward the $0.048 zone. Increased volume on the breakdown would confirm the move.
📈 Bullish Possibility
If support holds and RSI (35.39) shows divergence, we might see a bounce toward $0.055–$0.057. Watch for Bitcoin correlation before entering long.
📌 Trading Tip: Wait for breakout or breakdown confirmation before making entries. Risk management is key. 🚨
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BTC is currently trading at $95,146, showing strong consolidation within an ascending channel on the 1H chart. After a sharp impulse from below $84K, price has been ranging tightly with higher lows and higher highs.
Technical Outlook:
Pattern: Ascending channel
Support: $93,800–94,000 zone
Resistance: $95,500–95,800 zone (channel top)
Volume: Decreasing slightly, signaling a breakout might be near.
Bullish Breakout Trigger: A close above $95,800 could ignite momentum toward $98K–$100K. Bearish Breakdown Trigger: A breakdown below $93,800 may lead to a retest of $91K.
Bias: Neutral to bullish as long as support holds.
What's Your Move? Are you buying the breakout or waiting for the dip?
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