This afternoon, I was watching the pullback on BILL, and my first reaction wasn't 'should I catch the bottom', but rather: this feels more like a breather for the bears to get back in. The most likely to get trapped are actually two types of traders—one is those who chased the bounce after a heavy drop in the morning, and the other is those who see a small green candle and think it's the bottom. The issue is that while the price can bounce, the center of gravity hasn't shifted up, instead turning the upper range into a new resistance zone.
My direction is clear: `BILLUSDT short on the bounce`.
Plan card (set discipline first, then discuss profits and losses):
- Entry zone: `0.06978025 - 0.07123975`
- Stop loss: `0.07353325`
- Target 1: `0.06727825`
- Target 2: `0.06581875`
- Target 3: `0.06394225`
This trade continues to lean bearish, and the core isn't emotion, but data consistency still favors the bears:
Alpha rank #5, high attention but weak direction; 24h spot down -15.46%, contracts down -15.74%, with spot and contracts moving down together, not a one-sided contract dump. 1h -2.10%, 4h -3.77% indicates that both short and medium-term cycles are still under pressure. OI at 95,115,000, change -0.16%, is a slight deleveraging, more like a handover during a decline, not a clear end of a bear squeeze; funding +0.0050% remains positive, indicating bulls are still paying to hold, making them vulnerable during a bounce. 24h trading volume is 62,394,300, providing enough liquidity to execute, but also meaning volatility will be fast, and the risk of fake breakouts followed by pullbacks is not low.
Risk positioning: medium
Only open shorts within the planned zone, don’t chase if it hasn’t reached; if it breaks the stop loss, accept the mistake and exit, no averaging down.
Click the trading link below $BILL 👇
My direction is clear: `BILLUSDT short on the bounce`.
Plan card (set discipline first, then discuss profits and losses):
- Entry zone: `0.06978025 - 0.07123975`
- Stop loss: `0.07353325`
- Target 1: `0.06727825`
- Target 2: `0.06581875`
- Target 3: `0.06394225`
This trade continues to lean bearish, and the core isn't emotion, but data consistency still favors the bears:
Alpha rank #5, high attention but weak direction; 24h spot down -15.46%, contracts down -15.74%, with spot and contracts moving down together, not a one-sided contract dump. 1h -2.10%, 4h -3.77% indicates that both short and medium-term cycles are still under pressure. OI at 95,115,000, change -0.16%, is a slight deleveraging, more like a handover during a decline, not a clear end of a bear squeeze; funding +0.0050% remains positive, indicating bulls are still paying to hold, making them vulnerable during a bounce. 24h trading volume is 62,394,300, providing enough liquidity to execute, but also meaning volatility will be fast, and the risk of fake breakouts followed by pullbacks is not low.
Risk positioning: medium
Only open shorts within the planned zone, don’t chase if it hasn’t reached; if it breaks the stop loss, accept the mistake and exit, no averaging down.
Click the trading link below $BILL 👇