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Yesterday we mentioned the $BSB breakout possibility near previous ATH zone…
Price smashed through 1.27 and aggressively expanded all the way to 2.73 — a massive impulsive move with strong momentum and volume backing it.
But here’s the important part, is the bullish structure is STILL active.
On the lower timeframe, price continues respecting the key dynamic supports:
• MA25 on 1H acting as trend support
• MA200 on 15M holding the overall short-term structure
• Buyers still defending dips instead of panic selling
• MACD cooling down after expansion, but no full bearish reversal yet
• RSI reset already happening after overheated conditions
Current situation feels more like:
> Expansion → cooldown → possible continuation
Support zone: 0.92 – 0.95
Major bullish invalidation: losing MA200 on 15M decisively
As long as price holds these supports and consolidates properly, another momentum wave toward higher highs is still possible.
Right now, it’s more of a maintenance zone than an early entry spot. The trend’s still up as long as key supports hold.