💡 $BULLA
Meme-themed coins like BULLA usually rise when the momentum of Bitcoin ETF funds increases and traders' appetite grows#SamAltmanSpeaksOutAfterAllegedAttack
The trading area is pressing near 0.0070 USDT, a potential rebound towards 0.0076–0.0079 USDT if momentum holds, while a failure to stabilize returns the price to 0.0068 USDT.
The risk appetite returns: After the inflows of Bitcoin funds rose to $7.89 billion this week, institutions returned to the market, restoring confidence for small investors in memes like BULLA. The liquidity flow into highly sensitive assets represents the fuel for speculation at this stage.
Buying dominance with leverage: position data indicates that over 75% of traders in perpetual contracts have opened long positions with a positive funding rate of +0.025%, reflecting short-term upward pressure that keeps the price above 0.0070 USDT despite the lack of fundamentals.
Trading strategy: watch 0.0070 USDT to determine the trend
Climb path: stay above 0.0070 USDT → targets 0.0076–0.0079 USDT
Descent path: breaking 0.0068 USDT → opens the way towards 0.0065 USDT
$0.0072
Show less
📈 Breaking above 0.0076 ignites a buying wave
About 75% of traders
🟢Long
TP: 0.0079
Entry range
0.0076
SL:⛔ 0.007
📉 Breaking 0.0068 brings panic back to the market
About 25% of traders
📢 Lost 0.0068 USDT due to profit taking and leverage decline, quick selling pressure will appear and the negative mood will push the price towards 0.0065.
🛑Short
TP: 0.0065
Entry range
0.0068
SL: 0.00
72
🥰Best regards, Abu Rashid Crypto 📉