$BAS at The "Coiling" Phase
The Pattern: We are seeing a clear Symmetrical Triangle (or Bullish Pennant) forming. This usually happens after a strong move up, where the market takes a breath before the next big jump. ๐๐ค
Price Squeeze: The price is getting squeezed tight between the two blue lines. It is "coiling" like a spring, getting ready to explode in one direction! ๐๐ฅ
Trend: The overall trend is Bullish because the price is above the purple and blue support lines. ๐๐
๐ Key Indicators
RSI (Relative Strength Index): The RSI is sitting comfortably at 50.44.
This means there is plenty of "fuel" left in the tank for a pump if buyers step in. โฝ๐
Volume: Volume is dropping (getting smaller bars). This is classic behavior before a breakout. The quiet before the storm! ๐คซ๐ฉ
๐ฏ Targets & Strategy :
The Goal: The chart has a measured Target set around 0.0075 if it breaks out to the upside. ๐ฏ๐ฐ
The Trigger: Wait for a candle to close above the top blue triangle line. That is your green light! ๐ข๐ฆ
Support: The Orange line (EMA) is acting as a dynamic support around 0.0053. If it drops below this, the setup might fail. ๐ก
Summary: This is a great Scalping Setup. The RSI is healthy, and the pattern is clean. Watch it closely for the breakout! ๐๐ฟ
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