BARUSDT
Thoughts
On this altcoin, we often observed manipulative movements. Huge candles left behind shadows, after which there was a small consolidation and a strong fall. Now, there are fewer strong upward movements, which means that the main supply of the coin was bought out by one player.
Volatility is on the decline, and any attempts from sellers to push through the support line end in a rebound. This is a great example of a Descending Triangle pattern being formed.
At the moment, the price is in the middle of the triangle, waiting for the next impulse.
☑️ Global targets in case of penetration are indicated on the chart by blue lines: 5.95 - 7.61 - 9.40
⛔️ In order to prevent losses in case of force majeure, we put a stop at the level of $3.81
But remember that everything can change at any time, you need to be flexible and monitor the market.
If you like the idea, don't forget to subscribe and rate like👍
Thoughts
On this altcoin, we often observed manipulative movements. Huge candles left behind shadows, after which there was a small consolidation and a strong fall. Now, there are fewer strong upward movements, which means that the main supply of the coin was bought out by one player.
Volatility is on the decline, and any attempts from sellers to push through the support line end in a rebound. This is a great example of a Descending Triangle pattern being formed.
At the moment, the price is in the middle of the triangle, waiting for the next impulse.
☑️ Global targets in case of penetration are indicated on the chart by blue lines: 5.95 - 7.61 - 9.40
⛔️ In order to prevent losses in case of force majeure, we put a stop at the level of $3.81
But remember that everything can change at any time, you need to be flexible and monitor the market.
If you like the idea, don't forget to subscribe and rate like👍
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BARUSDT
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