Market Analysis | April 30, 2024

Core Viewpoint: The bullish trend is not over; after a violent shakeout, a rally may follow

We believe that the upward trend of BSB has not ended. On the contrary, the recent rapid decline from $0.94 to $0.298 is an extremely thorough long leverage wipeout. This has eliminated a large amount of floating positions, reduced selling pressure for subsequent rises, and created more favorable conditions for the main funds.

Core Logic:

1. Shakeout completed: The extreme decline has cleared high-leverage longs, and the market structure has been purified.

2. Power shift: The fuel generated by liquidations (liquidation funds) and the released liquidity may transform into potential momentum for the subsequent rise.

Trading Strategy (for high-volatility tokens)

• General principle: Use low leverage (1-3x) cautiously go long, strictly set stop-losses, and boldly take partial profits at key resistance levels.

Specific operation points:

• 【Aggressive】Left-side positioning

◦ Entry zone: around $0.52

◦ Stop-loss: $0.30 (valid break below previous low)

◦ Take-profit targets: $0.70 → $1.00

• 【Conservative】Right-side / phased positioning

◦ Plan A: Enter after stabilizing around $0.50, target $0.59-$0.60.

◦ Plan B: If a deeper pullback occurs, enter after stabilizing around $0.45, target $0.53.

Risk Warning:

This token is highly volatile; all strategies must be paired with stop-losses. If the price volume-breaks below $0.30, reassess the bullish logic. $BSB $BTC