$BSB
The price is around 0.96 after a strong bounce from 0.50, indicating:
• Strong liquidity influx
• Clear defensive buying from the bottom
But currently, the coin has entered a short-term resistance zone.
Positive
If it holds above 0.92 and breaks 1.00 with volume:
• There’s a chance it could continue a rapid upward wave.
Negative
If it breaks 0.90:
• It might retrace to test 0.84 then 0.78
The coin looks very speculative right now with volatile movements, so risk management is crucial, especially after that strong bounce candlestick from 0.50
$BSB
#bsb #TradingCommunity
The price is around 0.96 after a strong bounce from 0.50, indicating:
• Strong liquidity influx
• Clear defensive buying from the bottom
But currently, the coin has entered a short-term resistance zone.
Positive
If it holds above 0.92 and breaks 1.00 with volume:
• There’s a chance it could continue a rapid upward wave.
Negative
If it breaks 0.90:
• It might retrace to test 0.84 then 0.78
The coin looks very speculative right now with volatile movements, so risk management is crucial, especially after that strong bounce candlestick from 0.50
$BSB
#bsb #TradingCommunity