🔥$BSB The bottom pattern has been thoroughly solidified, breaking new highs is only a matter of time

I think it’s okay to buy a small position!

Looking back at the BSB15-minute chart, a deep bottom was completed within the day, with the price dropping to a low of $0.4601. After the bearish momentum was fully released at the low, funds quickly entered to support, and the market began a steady rebound. The current quote is $0.5376, already out of the bottom low zone, and the overall reversal pattern has taken shape.

From the technical indicators, the foundation for the rise has been fully laid. The price previously held firmly above the lower Bollinger Band, rebounding upward all the way. The current price is close to the upper Bollinger Band at around $0.5359, with the Bollinger channel gradually narrowing upward, opening space for subsequent increases. The SAR indicator is at 0.4825, and the current coin price is firmly above this level, showing a bullish position throughout, with short-term downside risk basically eliminated. The MACD indicator’s DIF successfully crossed above DEA to form a golden cross, with the red bars steadily increasing in volume, indicating bullish strength is still accumulating. Volume has gently increased with the rebound, suggesting genuine funds are entering this rally, not just short-term trap trading to lure buyers.

The 24-hour market shows a large difference between high and low points, and panic selling has been fully released at the early low. Most of the trapped positions at the low have already been painfully cut loose. The short-term resistance above is only at 0.5594. Currently, the bullish rhythm is progressing step by step, with each small correction quickly supported by buying volume, and no signs of weakening with volume decreasing.

The bottom range has now been completely constructed, and the shakeout and accumulation phase has ended. The main force has gathered enough chips, and next, it only takes market sentiment to cooperate. Breaking through the previous high of 0.5594 is just a matter of time. Holders need not be disturbed by short-term minor fluctuations; patiently hold and wait for the rally. For traders who have not entered, they can wait for a small pullback to support levels before gradually entering, and avoid blindly chasing highs. Seize this reversal and upward trend. #Gate现货交易量增幅全球第一