$BSB Signs of Recovery


After finding a base around 0.185, $BSB has started building higher low structures across various timeframes. The recent surge pushed the price back above MA25, MA99, and MA200 on the 1H chart, while the 4H chart is attempting to establish a continuation of the bullish trend.
📊 Chart Analysis
• 1H: Price remains above all major moving averages, indicating short-term bullish momentum.
• 4H: MA25 and MA99 act as dynamic support, while MACD remains positive despite weakening momentum.
• 1D: The recovery is still ongoing, but RSI and MACD continue to improve from oversold conditions.
Key Support Zone: 0.273 – 0.267
Key Resistance Zone: 0.29 – 0.30
A clean breakout and sustained movement above 0.30 could trigger the next move toward:
🎯 Target: 0.34 → 0.40
For now, this appears to be a relief bounce with an improving structure. Bulls need to maintain the support zone and turn 0.30 into support to confirm a stronger trend reversal. 📈#MyGateTradeStory
BSB7.98%
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
  • Pinned