The current price of B3/USDT at $0.000913 requires caution. The structure is complex and a clear confirmation is needed to enter the market. 🧐
The 1-hour analysis shows a bearish breakout from a descending wedge pattern (generally bullish). This break temporarily invalidates the positive bias. Currently, the price has moved away from the breakout point without showing a significant bounce, which maintains selling pressure.
For a high-probability Short trade, we need to see confirmation that the $0.000940 zone (the lower edge of the broken wedge) acted as an effective resistance. If the price attempts a retest and is rejected with volume, we could consider a bearish entry. The main target of this move would be the historical support zone at $0.000820.
My technical plan for a Short (Awaiting confirmation):
Entry: $0.000940 (after rejection of that resistance).
Take Profit (TP): $0.000820 (Searching for the lower structural support).
Stop Loss (SL): $0.000970 (Protection above the breakout zone to invalidate the Short). ⚠️
We operate the broken structure. We do not guess. Patience and confirmation. 📝
$B3
