Possible plan 👇
🔴 Short Zone: $9.40 – $9.80
🎯 Target 1: $9.08
🎯 Target 2: $8.80
🎯 Target 3: $8.50
❌ Invalidation / Stop Loss: Above $10.00
$BBX is showing clear weakness right now 📉🐻
Price closed the day down 2.02%, dropping from a high of $9.80 to a low of $9.08. More importantly, the market failed to hold near the upper range and sellers pushed price back toward support. The current price around $9.20 is sitting very close to the daily low, which tells us bears are still controlling momentum.
The intraday structure is also bearish, with lower highs and lower lows forming after the rejection from $9.80. Volume isn't explosive, but $2.55M traded is enough to confirm this isn't just random noise. Until buyers reclaim higher levels, rallies look more like selling opportunities than trend reversals.
📊 Key levels to watch:
• Support: $9.08 – $9.00
• Major Support: $8.50
• Resistance: $9.50 – $9.80
• Major Resistance: $10.00
Right now,
#BBX remains bearish as long as price stays below the $9.80 resistance area. The rejection from the highs and the weak closing position near support suggest sellers still have the upper hand. A break below $9.00 could accelerate downside pressure toward the $8.50 region. 📉🔥
No financial advice. Manage risk properly.