Post

$BP (Backpack) – Bullish Recovery, Holding


I'm watching BP because it is up +23.33% at $0.6043, showing a strong V-shaped recovery from a 24h low of $0.4680. The moving averages have turned bullish with EMA5 at $0.5962, EMA10 at $0.5947, and EMA30 at $0.5839. The 24h high is $0.6198, and MACD is in positive territory. I am holding this with a stop below the EMA10 ($0.5947), watching for a break above $0.6198.
#GateLaunchesTrenchesWith0GasFee
post-image
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.
BPBP+22.33%

  • 1

Add a comment
Add a comment

Comment
CrossChainPost
19 minutes ago
The EMA10 stop-loss is set pretty tight. This V-shaped reversal is indeed impressive—let’s see if it can break above 0.62.
0View Original
NodeRunner
28 minutes ago
Rebounded 23 points, but volume is only average. Although MACD has turned positive, the risk of divergence remains, so I may wait for a confirmed breakout above 0.62 before chasing.
0View Original
GateUser-71b0ccdf
36 minutes ago
First Review
Gate’s 0-gas campaign is indeed attractive. Once BP liquidity increases, this kind of technical pattern is more likely to play out, and the holding logic is clear.
0View Original
View More