#BALUSDT (Watchlist) 8-2024

BAL is showing signs of a rebound from its historical trendline support around $1.50. If BAL maintains this level and the broader market remains stable, potential upside targets could range between $3 and $5.

However, it's important to watch the $1.40 level closely. A weekly close below this could invalidate the bullish outlook.

When we recommend adding a coin to your watchlist, it's typically due to forming a pattern, nearing a historical bottom, or approaching a strong support level. It may also show increased trading volume, reversal candles, or be in an accumulation stage. While we haven't observed a bullish reaction yet, we advise monitoring it until an optimal entry point emerges.

PS:
We avoid trading coins associated with gambling, prostitution, human trafficking, etc.

Note:
This is not financial advice but an analysis of coin movements. Conduct your own research and practice risk management before making any investment decisions. Remember, the cryptocurrency market carries significant volatility and risks.

Best wishes to all,
we ask Allah reconcile and repay. 🙏
Trend Analysis

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