Let me break down $BABY #baby on the 1h for you real quick
@BabylonLabs_io
- expecting price to RISE from here, short-term bullish bias despite the overall trend still being technically bearish
- key upside levels to target first: 0.01136 (resistance), then 0.01162, 0.01198, 0.01217, 0.01267, and 0.01298 if momentum continues
- entry idea: look for a confirmed break and retest above 0.01084 with bullish candle closes or a strong engulfing pattern; ideal confirmation would be a manipulation wick below 0.01040 followed by a quick recovery
- take profit at 0.01136 initially, then scale out at 0.01162 and 0.01198 if price holds above each level
- bias flips bearish if price breaks and closes below 0.01011 (recent swing low), that would open risk to 0.00962 and below
- for risk management, stops should be placed just under the most recent swing low or critical structure
- if you see a sharp rejection at 0.01136 or reversal pattern there, consider taking profits early
@BabylonLabs_io
- expecting price to RISE from here, short-term bullish bias despite the overall trend still being technically bearish
- key upside levels to target first: 0.01136 (resistance), then 0.01162, 0.01198, 0.01217, 0.01267, and 0.01298 if momentum continues
- entry idea: look for a confirmed break and retest above 0.01084 with bullish candle closes or a strong engulfing pattern; ideal confirmation would be a manipulation wick below 0.01040 followed by a quick recovery
- take profit at 0.01136 initially, then scale out at 0.01162 and 0.01198 if price holds above each level
- bias flips bearish if price breaks and closes below 0.01011 (recent swing low), that would open risk to 0.00962 and below
- for risk management, stops should be placed just under the most recent swing low or critical structure
- if you see a sharp rejection at 0.01136 or reversal pattern there, consider taking profits early