Over the last couple of weeks, BLZ has seen some strong gains, increasing more than 300% in value.
Currently, two things are happening at once. For one, BLZ is very near the channel support, potentially bouncing from it soon. Furthermore, the channel support is making a triangle pattern when the ATH is connected with the 08/04 local high.
This trade assumes that BLZ will bounce off the support and see a break out through the triangle resistance.
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