BB/USDT: Trading around MA60 – Watch for momentum shift 📊
BB is trading at $0.0566, up by +1.25% today. The price is currently testing the 60-period moving average ($0.0566), which is now acting as a key pivot point. The highest in 24 hours is $0.0587 (resistance) and the lowest is $0.0549 (support), defining the near-term range.
Trading Idea (trading around the pivot and breaking the range):
Scenario 1 (buy on MA60 stabilization and rebound):
Entry area: $0.0564 – $0.0567 (near MA60 support)
Stop loss (SL): below $0.0555 (local support break)
Take profit targets (TP):
TP1: $0.0580 (approaching the 24-hour high)
TP2: $0.0595 (next resistance level)
Scenario 2 (sell on breakdown):
Entry condition: losing MA60 and dropping below $0.0560
Stop loss (SL): above $0.0572
Take profit (TP): $0.0550 → $0.0540
Trading volume remains average at $1.36 million. The asset shows selling pressure on a weekly basis (-15.02% over 7 days). A clear stabilization above MA60 may indicate near-term stability.