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Alikze »» BABYDOGE | Pull back to broken structure

🔍 Technical analysis: Pull back to broken structure

- According to the analysis presented in the previous post, after reaching the dynamic trigger, a zigzag correction was encountered, which extended to the floor range of the dynamic correction trigger.

- Currently, in the weekly time frame, after exiting the density, it has succeeded in breaking the neckline, which has advanced to the supply area.

- Now it can continue the upward path in the supply area with a pullback to the range of the blue bar or green box, after the failure of the dynamic trigger, to the next supply range.

💎Alternative scenario: In addition, if it faces selling pressure in the supply area and has a sharp correction, this correction can extend to the next blue bar.
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So dealing with the dynamic trigger and correcting up to the blue bar, in accordance with the movement path, again met the demand, which has succeeded in defeating the dynamic trigger and has grown by more than 60%. Therefore, with the high stabilization of the area, any pullback to the green box can be met with demand.