#BILL Guys, check out BILL's current price at 0.069, it's dropped over 20% in the last 24 hours.
The 1-hour chart shows a big bearish candlestick that has smashed through the lower Bollinger band. We’re seeing increased volume breaking key support levels, and all bullish support has crumbled. The downtrend is clearly established, and the price is right up against the lower band, indicating weak momentum.
If it can’t break above 0.075 on a rally, that's a shorting opportunity.
First target is 0.067, if it breaks that, watch for 0.06.
Set your stop-loss at 0.08, if it holds above that, bail out.
I’ll be updating the key levels and market rhythm in the Planet Lab in real-time. If you want to stay in the loop, hit that follow button so you don’t get left behind $BILL
The 1-hour chart shows a big bearish candlestick that has smashed through the lower Bollinger band. We’re seeing increased volume breaking key support levels, and all bullish support has crumbled. The downtrend is clearly established, and the price is right up against the lower band, indicating weak momentum.
If it can’t break above 0.075 on a rally, that's a shorting opportunity.
First target is 0.067, if it breaks that, watch for 0.06.
Set your stop-loss at 0.08, if it holds above that, bail out.
I’ll be updating the key levels and market rhythm in the Planet Lab in real-time. If you want to stay in the loop, hit that follow button so you don’t get left behind $BILL