$YB (YieldBasis) is showing strong resilience after its recent price jump. Despite a slight cooling off, the price is holding steady around $0.40, signaling that buyers are still very active and defending this level. The market structure remains bullish, and this "healthy pullback" could be the buildup needed for the next leg up. If momentum picks back up, we could see a quick move toward the $0.44–$0.48 range.
Trade Setup (Short-Term Scalp)
Strategy: Momentum Play
Entry Zone $0.395 – $0.405 Look for entries within this consolidation base.
Target 1 $0.420 First resistance and short-term profit taking.
Target 2 $0.445 Mid-range target as momentum accelerates.
Target 3 $0.480 Major resistance near recent highs.
Stop Loss $0.372 Critical: Exit if the structure breaks downward.
💡 Trading Tip: Watch the volume at the $0.42 level. A high-volume break above this mark confirms the trend continuation. Always manage your risk and stick to the plan!
