BQX BROKE THE WEDGE (MAJOR STRENGTH SHOWING)
BQX
BQX finally broke out of the falling wedge with MAJOR strength! The volume and push all matched up, and this does not look like a fake out. The current state is heavily oversold on the hourly and showing a bearish divergence on the RSI. I expect a small retrace back down to the 50 MA zone which is prime time to re-enter at 350-400 sats. Upon the retrace, I expect another wave back up to T1 at 560 sats, breaking above the 100 MA. Then on to the daily resistance block and 200 MA rejection point of 700 sats. I recommend take full profit here and wait for BQX to play out another retrace.
Possible Entries: 350-400 sats
BQX finally broke out of the falling wedge with MAJOR strength! The volume and push all matched up, and this does not look like a fake out. The current state is heavily oversold on the hourly and showing a bearish divergence on the RSI. I expect a small retrace back down to the 50 MA zone which is prime time to re-enter at 350-400 sats. Upon the retrace, I expect another wave back up to T1 at 560 sats, breaking above the 100 MA. Then on to the daily resistance block and 200 MA rejection point of 700 sats. I recommend take full profit here and wait for BQX to play out another retrace.
Possible Entries: 350-400 sats
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