BB/USDT – Bullish Setup with Wedge Breakout Potential | 1H Chart
BBUSDT is currently presenting a strong bullish technical structure backed by multiple confirmations:
🔹 A double bottom has formed, signaling potential trend reversal.
🔹 Bullish divergence on the RSI strengthens the bullish outlook, showing hidden buying pressure.
🔹 Price action is compressing within a symmetrical wedge, and no bearish reversal patterns are currently observed.
A breakout above the wedge resistance trendline could lead to further upside continuation.
📌 Entry: $0.18554 (upon confirmed breakout)
🛡️ Stop Loss: $0.16322 (below structure support)
🎯 Target: $0.21591 (+15.13%) — You may also set your take-profit levels based on your own risk-reward ratio and trading style.
As long as the structure holds and no bearish confirmation appears, the setup remains valid. Always manage risk accordingly.
🔹 A double bottom has formed, signaling potential trend reversal.
🔹 Bullish divergence on the RSI strengthens the bullish outlook, showing hidden buying pressure.
🔹 Price action is compressing within a symmetrical wedge, and no bearish reversal patterns are currently observed.
A breakout above the wedge resistance trendline could lead to further upside continuation.
📌 Entry: $0.18554 (upon confirmed breakout)
🛡️ Stop Loss: $0.16322 (below structure support)
🎯 Target: $0.21591 (+15.13%) — You may also set your take-profit levels based on your own risk-reward ratio and trading style.
As long as the structure holds and no bearish confirmation appears, the setup remains valid. Always manage risk accordingly.
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.
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.