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$BILL Follow the shorting direction. Everyone is waiting for it to break upward, but I think it could be setting up a long trap here.
From the chart, the 4-hour structure is still bearish, and the daily chart is only ranging. The price at 0.02486 to 0.02532 has clearly reacted there. The 15-minute RSI is currently around 44, momentum is neutral, and the door for further downside is still open. The 15-minute volume data also confirms there is real selling pressure behind it.
For entry, you can watch the 0.02486 to 0.02532 range. Downside targets could test 0.02265, and possibly 0.02103 and 0.01859. Put the defensive level around 0.02834. Everyone, watch your risk—don’t chase too aggressively, and keep monitoring how this range plays out.