After recovering hard from the 0.50 bottom, $BSB continues printing higher lows while Open Interest keeps expanding....
Long Entry: $1.16 - $1.22
🎯 TP 1: $1.38
🎯 TP 2: $1.62
🎯 TP 3: $1.95
🛑 Stop Loss: $1.02
Analysis:
Current structure still looks bullish despite high volatility. Price reclaimed key zones aggressively and buyers continue defending pullbacks instead of allowing a deeper correction.
Open Interest is steadily climbing together with price, which usually supports continuation when momentum remains strong. Funding is elevated, showing traders are leaning bullish, but not at extreme panic levels yet.
What I’m watching: • price holding above 1.10
• continued OI expansion
• strong candles on dips
• breakout continuation above local highs
Main risk here is volatility spikes and sudden profit-taking after extended candles, so chasing vertical moves is risky. Better entries usually come after small consolidations.
As long as buyers protect the breakout structure, momentum still favors upside continuation.
🚫 DYOR
