BAL is on a strong recovery and the heading target is at 14$, which is a strong resistance zone and a possible reversal here, so be careful. If this zone is broken, BAL will switch to uptrend and the heading target will be 18$ or even 26$
- Buy close to 10-10.5$, stoploss if B
- Sell: 13-14$, stoploss if A
- Sell: 17-18$, stoploss if A
BALUSDT price flirting with resistance line. The set up doesnt get easier than this.
Once BAL crosses the resistance line, then this would mark towards the TGT 1 resistance.
This would not be a straight move up, would take some days to play out provided BTC is stable. At the moment price momentum is bullish.
While BTC does another ranging price action, the ALTs are coming into play.
BAL has a nice trend formation on the 8 hrly and now is at a strong resistance.
I have 2 scenarios where the resistance is broken decisively or its consolidated underneath this resistance layer.
Either way, looking at the MACRO structure, the following can be observed: