$BIGTIME Channel Breakout Retest Setup
BIGTIME is showing renewed buying strength after recovering from its recent low, but the 0.00754–0.00782 resistance area could determine the next major move.
Entry Zone: 0.00690 – 0.00705
Stop Loss: 0.00670
TP1: 0.00735
TP2: 0.00754
TP3: 0.00780
Why This Setup?
BIGTIME has been developing an ascending channel after bouncing from the 0.006345 swing low. The recent upward impulse pushed price above the channel's upper boundary, accompanied by increased trading activity. This suggests buyers are becoming more active, although a breakout retest would provide stronger confirmation.
The 0.00690–0.00705 region is the key pullback area to watch. If price returns to this zone and buyers defend it, a continuation toward 0.00735 becomes possible. A sustained move above that level could bring 0.00754 into focus, followed by the major resistance near 0.00780.
However, the current price around 0.007219 is already above the proposed entry zone, so chasing the rally may increase risk. Wait for a controlled retest or a confirmed continuation signal.
A breakdown below 0.00670 would invalidate this setup. Keep in mind that the upper resistance zone may trigger profit-taking, especially after a sharp move.
Trade with confirmation, manage position size carefully, and always protect your capital with a predefined stop loss.
BIGTIME is showing renewed buying strength after recovering from its recent low, but the 0.00754–0.00782 resistance area could determine the next major move.
Entry Zone: 0.00690 – 0.00705
Stop Loss: 0.00670
TP1: 0.00735
TP2: 0.00754
TP3: 0.00780
Why This Setup?
BIGTIME has been developing an ascending channel after bouncing from the 0.006345 swing low. The recent upward impulse pushed price above the channel's upper boundary, accompanied by increased trading activity. This suggests buyers are becoming more active, although a breakout retest would provide stronger confirmation.
The 0.00690–0.00705 region is the key pullback area to watch. If price returns to this zone and buyers defend it, a continuation toward 0.00735 becomes possible. A sustained move above that level could bring 0.00754 into focus, followed by the major resistance near 0.00780.
However, the current price around 0.007219 is already above the proposed entry zone, so chasing the rally may increase risk. Wait for a controlled retest or a confirmed continuation signal.
A breakdown below 0.00670 would invalidate this setup. Keep in mind that the upper resistance zone may trigger profit-taking, especially after a sharp move.
Trade with confirmation, manage position size carefully, and always protect your capital with a predefined stop loss.