ABCL — Watching for Bounce or Breakdown at Support
Symmetrical triangle breakdown on the 15m sent price back to the 0.786 retracement near $3.91. This zone now acts as a key inflection point.
📈 Bullish Scenario:
If buyers step in here, a reclaim above $4.00 could trigger a breakout toward $4.10 and then $4.34 (1.272 Fib extension) — offering up to 11% upside.
📉 Bearish Scenario:
Failure to hold $3.91 could lead to further downside toward $3.77 (0.618) or even $3.66 — offering up to 6% downside.
📊 Watching for reversal candle confirmation + volume shift before entry.
Symmetrical triangle breakdown on the 15m sent price back to the 0.786 retracement near $3.91. This zone now acts as a key inflection point.
📈 Bullish Scenario:
If buyers step in here, a reclaim above $4.00 could trigger a breakout toward $4.10 and then $4.34 (1.272 Fib extension) — offering up to 11% upside.
📉 Bearish Scenario:
Failure to hold $3.91 could lead to further downside toward $3.77 (0.618) or even $3.66 — offering up to 6% downside.
📊 Watching for reversal candle confirmation + volume shift before entry.
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