MyCryptoParadise_Simon

BAL/USDT upward momentum? πŸ‘€ πŸš€ BAL Today Analysis

Long
BINANCE:BALUSDT   BAL / TetherUS
πŸ’Ž Paradisers, turn your focus to BALUSDT! We've observed it showcasing a promising opportunity, having recently retested channel support and now gearing up for a bullish ascent.

πŸ’Ž A brief look back shows that #Balancer broke through the channel resistance, setting itself on a bullish path. Interestingly, before this move, it had a brief fakeout, crossing the same channel resistance. Currently nestled in a demand zone, we're hopeful that a retest of a formidable resistance is on the horizon.

πŸ’Ž On the flip side, there's another scenario to consider. If it adheres to its trend trajectory and breaks below both the trend line and the demand zone, there's a strong chance it could descend to retest the support level.

πŸ’Ž If you are contemplating trading, employ proper stop loss and trade judiciously. Keep your strategies sharp and stay ahead in the game!


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