$BOB /USDT Bearish Continuation Move

Technical Analysis:

$BOB/USDT is showing a clear bearish continuation as price keeps forming lower highs and lower lows. The breakdown from the 0.0219 support level pushed price toward the current zone around 0.0165, indicating strong selling pressure. Failure to reclaim 0.018 resistance suggests sellers remain in full control. If the market stays below this zone, further downside movement is expected.

Trade Setup

Entry Range:

0.01600 – 0.01720

Targets:

Target 1: 0.01480

Target 2: 0.01350

Target 3: 0.01080

Stop Loss (SL):

0.01840 (above minor rejection zone)

Short Outlook of Market

Market sentiment remains bearish as price continues to lose major support zones. Weak volume on bounces and increasing on dips confirm sellers’ dominance. If price closes below 0.0160 on the next timeframe, a deeper correction is likely. Buyers should wait for a strong reversal signal before considering long positions.

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