Oct. 4 at 11:32 PM
$BURU my TA of 4hr TF.
Formation reflects a pullback phase after the strong breakout. Overall, the trend is still bullish.
After hitting 35, the chart shows a controlled/healthy pullback rather than panic selling.
Volume has decreased.. Suggests profit-taking, not heavy dumping.
RSI is at 55. This is neutral.
MACD slightly above signal line and still bullish, but narrowing, showing momentum fading.
We're looking for for stabilization above 20!
Nearest resistance levels at 27 & 35
Nearest support currently being tested 21..
Next level of strong support is 15.
We've completed first breakout, now llooking for it to form a bull flag or consolidation channel.
If it holds the 20–22 support area and gains volume again, a retest of
$0.35 (and possibly higher) is on the table.
Below
$0.20, expect a correction to
$0.15 before the next setup.
