$B 🟢
$B surging with 4.2x buy volume spike, can it sustain?
- With this kind of volume and indicator strength, my expectation is for continued upward momentum, but only after a healthy pullback or consolidation. This looks very much like smart money accumulation, with the first leg of reversal starting to play out.
- Example trade setup: Wait for a pullback towards 0.1065 or even as deep as 0.0992. If you see confirmation (bullish pin bar, bullish engulfing, or a reversal formation on the lower timeframes), consider a long entry around those levels.
- Take profit 1: 0.1127 (first resistance just overhead)
- Take profit 2: 0.1270 (major swing supply)
- For aggressive traders, if 0.1270 gets cleared with volume, 0.1390 could be reached as the next target.
- Stop-loss should be placed below the most recent swing low or a clear invalidation point on the lower timeframe (like a close below 0.0992).
- If price fails to hold above 0.1065 and starts closing below 0.0992, I would abandon the bullish bias and watch for a new setup. If price reclaims and holds above 0.1127, that’s strong confirmation to hold or add to a long position.
- Absolutely do not chase the move after a volume spike — always wait for a reaction, retracement, and confirmation.
📝 This is not investment advice, but an educational report. Trade safely and always use confirmations!
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