$BABY is up 5 percent…. Buyers might be walking into a trap.
People like a candle. The smart question is: Who is buying now. and who is getting ready to sell?
$BABY : $0.01407 | +5.31% in 24 hours
level: $0.01425 The recent 24 hours high
Here is the twist: the latest Binance analysis showed an RSI near 76 which means momentum could be too high. This does not mean the price will drop, but buying blindly here could be dangerous.
BREAKOUT: Price goes past $0.01425. Stays above it.
FAKEOUT: Price is pushed back. Falls, below the breakout area.
My opinion: I am not chasing the candle. I want to see if buyers can actually hold this move.
Look at the $BABY chart before making your decision.
Be honest. ARE YOU buying this breakout OR waiting for a pullback ?
Market data changes fast. Not financial advice.
People like a candle. The smart question is: Who is buying now. and who is getting ready to sell?
$BABY : $0.01407 | +5.31% in 24 hours
level: $0.01425 The recent 24 hours high
Here is the twist: the latest Binance analysis showed an RSI near 76 which means momentum could be too high. This does not mean the price will drop, but buying blindly here could be dangerous.
BREAKOUT: Price goes past $0.01425. Stays above it.
FAKEOUT: Price is pushed back. Falls, below the breakout area.
My opinion: I am not chasing the candle. I want to see if buyers can actually hold this move.
Look at the $BABY chart before making your decision.
Be honest. ARE YOU buying this breakout OR waiting for a pullback ?
Market data changes fast. Not financial advice.
