BSB shows a shift from a strong to a weak signal! 0.73 acts as short-term resistance, and the intraday pullback window is opening.

Current Price: 0.73006

First, the conclusion: BSB in the short term has shifted from a consolidation to a bearish structure, belonging to the “retracement phase after failed breakout,” with a tendency for oscillation downward during the day, rather than continuing to strengthen.

  1. 4-hour level: Resistance to rally, momentum clearly weakening

Unable to hold above 0.75 on the rally
Highs start to decline, forming a resistance structure
MACD at a high level turning downward, showing signs of a death cross
Bollinger Bands narrowing, price falling back toward the middle band

Core judgment:
4-hour chart indicates a transition into a weak oscillation phase

  1. 1-hour level: Bearish trend gradually forming

Pattern of “rally → pullback → weak rebound” emerging
Multiple rebounds suppressed in the 0.735-0.74 zone
Moving averages turning downward, price trading below the moving averages
MACD bearish momentum gradually strengthening

Short-term rhythm:
Weak rebound + stair-step decline

  1. Intraday trend projection

If unable to regain stability above the 0.735-0.74 range:

More likely to oscillate downward during the day
First test support around 0.722
If broken, may extend to around 0.715

  1. Direct trading strategy (as required)

Direction: Short (market order to open position)

Entry price: around 0.73006

Take profit:

First take profit: 0.72276 (about -1%)
Second take profit: 0.71546 (about -2%)

Stop loss:

Stop loss level: 0.74001 (about +1.5%)

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