Long
BAKEUSD - falling wegde
BAKEUSD from a fundamental perspective i have a bullish bias on this coin. On the monthly timeframe the candle is about to close in the way we expect the next candle to fill in the wick, on the daily timeframe market is consolidating inside this falling wedge pattern... we are waiting to see if the market will break out of this pattern and form a new higher high, then we can look to take the long on the retest of previous resistance turned support.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.