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$BSB Testing the Floor – Recovery or Further Slide?
Block Street ($BSB) recently had an insane run up to $0.787, but the rejection was just as fast. We are now looking at a cooling-off period where the market is deciding on the next major move
.
Technical Breakdown:
The Pullback: After hitting the local peak, the price plummeted back to the $0.56 level. It’s currently fighting to stay above the recent local lows.
Moving Averages: Price is trading below the MA30 ($0.60), which is now acting as a dynamic resistance. We need a clean break above this yellow line to talk about a bullish reversal.
MACD: The MACD is still in the negative zone, but the histogram is showing some signs of weakening selling pressure.
It’s a high-volatility environment right now. I’m waiting for a clear sign of support before making a move. Are you guys bottom-fishing here or waiting for more downside?
#GateSquareMayTradingShare