BULLA/USDT (1h)
A Bear Pennant consolidation is active on BULLA/USDT at 74.8% maturity caught by ChartScout.
📊 Price Structure:
• Setup: Bear Pennant (Continuation)
• Impulse Drop: -5.7% (Flagpole)
• Resistance Line: $0.01760 USDT (2 Touches)
• Support Line: $0.01725 USDT (2 Touches)
• Current Price: $0.01740 USDT
🎯 Technical Scenario:
Following an initial -5.7% decline, price action is consolidating within converging trendlines. Watch for volume confirmation on a 1h candle close below support to confirm potential trend continuation.
⚠️ DYOR - Not Financial Advice.
#ChartScout #BULLA #BİNANCESQUARE #cryptotrading
A Bear Pennant consolidation is active on BULLA/USDT at 74.8% maturity caught by ChartScout.
📊 Price Structure:
• Setup: Bear Pennant (Continuation)
• Impulse Drop: -5.7% (Flagpole)
• Resistance Line: $0.01760 USDT (2 Touches)
• Support Line: $0.01725 USDT (2 Touches)
• Current Price: $0.01740 USDT
🎯 Technical Scenario:
Following an initial -5.7% decline, price action is consolidating within converging trendlines. Watch for volume confirmation on a 1h candle close below support to confirm potential trend continuation.
⚠️ DYOR - Not Financial Advice.
#ChartScout #BULLA #BİNANCESQUARE #cryptotrading