$BSB Testing $0.72 support in a bearish structure

Key levels: Price at $0.74, support at $0.72/$0.67, resistance at $0.80/$0.85. The price holds the lower support zone, but upper supply remains intact.
Buy setup: Entry near $0.72, around the EMA support retest; if the lower Bollinger Band absorbs selling pressure, consider building a position around $0.67.
Sell setup: Sell/partial profit zone near the intraday resistance at $0.80; if momentum pushes further up into the supply zone, consider selling at high near $0.85.
Recently, whale longs have seen profits shrink by 66%, indicating they are gradually offloading. The long-to-short ratio has dropped from 3.76x to 2.57x, showing long momentum has been exhausted.
As investor confidence above $0.65 weakens, many switch to short positions, aligning with market resistance levels.
Some opinion leaders set targets at $1, but whale manipulation has caused a $30 million loss. The market narrative combines RWA and AI concepts, yet spot CVD shows divergence, hinting at distribution traps in high volatility environments.
Short-term: Short on rallies when price hits resistance at $0.80, with stop-loss above $0.85 to effectively manage risk.
Medium-term: If selling pressure is fully released and volume stabilizes over time, gradually build positions near the lower Bollinger Band at $0.67.
Long-term: Closely monitor whether $0.85 can be reclaimed to confirm a trend reversal signal, combined with volume analysis. For long-term holders, activity rewards can offset downside risk during consolidation below resistance levels.