$BILL Watch for a short opportunity. Once it pumps up, everyone may start shouting “bull,” but I think this looks more like a trap.
The current 4-hour short structure is still in place, and the daily chart is clearly capped in the 0.02487 to 0.02507 range. The 15-minute RSI is around 60, leaving room for the shorts to smash lower; the short-term volume data also confirms sellers are stepping up.
For entry, you can watch the 0.02487-0.02507 area, with downside targets around 0.02404 and even near 0.02250. Set your defense level at 0.02620.
This move is more bearish for me. Everyone, manage ris