Confirmed bullish crossover at $BILL 🚀 Active entry in short-term scalping.
The price swept the stops below, touching $0.067629, but buyer absorption was immediate. Right now, the structure on the 15-minute candlestick chart is fully in our favor.
Technical Justification for the Entry:
Moving Average Crossover: The MA(7) (yellow line) just crossed upwards over the MA(25) at $0.07421. This confirms the shift from bearish to bullish momentum on the micro-chart.
Floor Consolidation: The asset is making higher lows and using the $0.074 area as its new support trampoline.
RSI in a Healthy Zone: The 6-period RSI is at 62.17. It has plenty of room to keep pushing the price up before getting saturated.
Current Entry Zone: Between $0.07430 and $0.07495 (Taking advantage of the short moving averages support).
Take Profit (Short Target): $0.07850 - $0.08100 (Looking for the area near the 99-period MA that will act as a technical magnet).
Stop Loss (Invalidator): $0.07150 (Just below the last local low in the consolidation).
We maintain the same philosophy as always for managing small accounts: low leverage or spot, risking only a controlled margin of 20 USDT, hunting for a quick 4% to 8% move and exiting to secure profits immediately. 💼💰
#BILLUSDT #TechnicalAnalysis #Scalping #Futures #BinanceSquare #RiskManagement #Crypto
The chart looks beautiful with that moving average crossover. Stay disciplined in the trade and cash out at resistance zones!
The price swept the stops below, touching $0.067629, but buyer absorption was immediate. Right now, the structure on the 15-minute candlestick chart is fully in our favor.
Technical Justification for the Entry:
Moving Average Crossover: The MA(7) (yellow line) just crossed upwards over the MA(25) at $0.07421. This confirms the shift from bearish to bullish momentum on the micro-chart.
Floor Consolidation: The asset is making higher lows and using the $0.074 area as its new support trampoline.
RSI in a Healthy Zone: The 6-period RSI is at 62.17. It has plenty of room to keep pushing the price up before getting saturated.
Current Entry Zone: Between $0.07430 and $0.07495 (Taking advantage of the short moving averages support).
Take Profit (Short Target): $0.07850 - $0.08100 (Looking for the area near the 99-period MA that will act as a technical magnet).
Stop Loss (Invalidator): $0.07150 (Just below the last local low in the consolidation).
We maintain the same philosophy as always for managing small accounts: low leverage or spot, risking only a controlled margin of 20 USDT, hunting for a quick 4% to 8% move and exiting to secure profits immediately. 💼💰
#BILLUSDT #TechnicalAnalysis #Scalping #Futures #BinanceSquare #RiskManagement #Crypto
The chart looks beautiful with that moving average crossover. Stay disciplined in the trade and cash out at resistance zones!