Technical analysis by Trad3WithFaraz about Symbol BAKE: Buy recommendation (1/29/2024)

After breaking a major support zone and experiencing a false breakout of support, buyers launched another attack, and buying momentum picked up after breaking the descending parallel channel. This resulted in higher highs and higher lows, indicating a bullish trend. Targets at 0.4350 and 0.5071 now seems achievable, as long as the 0.2710 level doesn't break.TP1 Hit