Bullish Degen (BULLISH): Wave 3 Breakout Pending?The chart for BULLISH is currently at a major crossroads. After a massive initial rally (Wave 1), we have spent several months in a deep correction (Wave 2). We are now coiled tightly against a long-term descending resistance line.
The Setup
Correction Ending: Price is hugging the green trendline, showing that selling pressure is finally exhausting.
The Opportunity: A clean daily close above this trendline would confirm the start of Wave (3). In Elliott Wave theory, Wave 3 is typically the fastest and most powerful part of the trend.
Volume: We are looking for a spike in volume to "validate" the breakout.
Price Targets
Immediate Target: $0.01 (Psychological level and recent structure high).
Mid-Term Target: $0.033 (Previous resistance zone).
Moonshot Potential: If the "unknown" forum predictions of $10 are to ever materialize, the journey starts with reclaiming the $0.05 All-Time High first.
Bottom Line: Watch the trendline. If it breaks, the "Degen" rally is back on. If it rejects, we may see one more lower low before the real move starts.
Long