BOB just punched through a period of tight consolidation with a heavy-volume breakout candle that spiked to around 0.02093. What's interesting is the pullback that followed—it's shaping up as a textbook bull flag pattern. The fact that price is holding above the initial breakout level (0.01872) signals real buying interest and accumulation underneath.
This kind of setup typically resolves higher. If you're looking to play this, consider setting your stop-loss tight at the flag support zone around 0.01872—keep the risk defined. The near-term target would be a retest of that 0.02093 high, with potential for extension beyond if momentum stays strong.
The volume profile on that breakout candle is what makes this setup credible. Without that buying pressure, this would just be noise. Keep an eye on whether BOB can hold above support on any dips—that'll tell you if the bulls are truly in control or if we're just seeing a bear trap rally.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
4
Repost
Share
Comment
0/400
NightAirdropper
· 01-18 09:51
That volume candlestick is real; the others depend on whether they can hold up later.
View OriginalReply0
DecentralizeMe
· 01-18 09:50
The volume break indeed shows some significance, but there are also quite a few false signals with patterns like bull flags...
View OriginalReply0
DAOTruant
· 01-18 09:46
ngl, this volume looks real, unlike those trash coins' fake breakouts... If it crashes below 0.01872, I'm out.
View OriginalReply0
gas_fee_therapist
· 01-18 09:39
Bro, this volume is indeed pretty intense. If 0.01872 doesn't break, I think we can still play.
BOB just punched through a period of tight consolidation with a heavy-volume breakout candle that spiked to around 0.02093. What's interesting is the pullback that followed—it's shaping up as a textbook bull flag pattern. The fact that price is holding above the initial breakout level (0.01872) signals real buying interest and accumulation underneath.
This kind of setup typically resolves higher. If you're looking to play this, consider setting your stop-loss tight at the flag support zone around 0.01872—keep the risk defined. The near-term target would be a retest of that 0.02093 high, with potential for extension beyond if momentum stays strong.
The volume profile on that breakout candle is what makes this setup credible. Without that buying pressure, this would just be noise. Keep an eye on whether BOB can hold above support on any dips—that'll tell you if the bulls are truly in control or if we're just seeing a bear trap rally.