$BSB ‌$BSB Forming a bullish stack around $0.9!!



Personal rambling, not investment advice!!!!

Key levels: Price around $0.87; support at $0.76 to $0.77 and $0.72; resistance at $0.90 and $1.17.
Buy setup: If volume stabilizes, enter around $0.76 to $0.77 (EMA7 testing again) or $0.72 (EMA25).
Sell setup: Reduce positions between $0.90 to $0.93 (psychological level) and $1.00 to $1.17 (24-hour high).
The HH/HL sequence on the 1-hour chart combined with a bullish EMA stack (7>25>99) confirms an uptrend.
Price holds at $0.87, with the next target being the resistance at $0.90, current liquidity at $2.16 million.
Support levels are at $0.76 to $0.77 (EMA7) and $0.72 (EMA25).
If it falls below $0.72, it will negate the bullish structure and suggest the trend has exhausted.
Bullish whales dominate, with a profit ratio of 83%, but recent long-short ratio has compressed by 25%.
Entry price has increased by 9.6%, indicating that despite taking profits, investors remain confident.
Closely monitor the $0.90 resistance to see if squeeze or distribution occurs.
Short-term: If RSI shows divergence or volume sharply declines, consider taking profits at extreme highs near $0.90.
Medium-term: Buy on dips when support at $0.76 to $0.77 is tested again, with stop-loss below $0.72.
Long-term: If it can stay above $0.72, target $1.17, while closely watching contract risks and liquidity depth.
BSB2.5%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin