💰 $BILL /USDT
🔽 SHORT
✳️ ENTRY: 0.0585, 0.05930, 0.0600
🎯 TARGETS: 0.05785, 0.0560, 0.05400, 0.05170, 0.04840, 0.0430
🀄️ LEVERAGE: Cross 10x
🔴 STOPLOSS: 0.0618
⚠️ Move SL to Entry once TP3 is reached.
After a sharp rally to 0.0619, $BILL faced strong selling pressure and printed a bearish rejection candle on the 15mins timeframe. The rapid decline suggests buyers are taking profits while short-term momentum has shifted in favor of the bears.
Price is currently trading below the recent swing high, and unless bulls reclaim 0.0619, the ongoing move is likely to remain a corrective phase. The first downside target lies near 0.0555, followed by the stronger demand zone around 0.0530-0.0470, where buyers may attempt to defend.
The 0.0580-0.0600 region is an attractive area for short entries, as it sits close to the recent rejection zone and offers a favorable risk-to-reward ratio. If price breaks above 0.0618 with strong volume, the bearish setup becomes invalid.
As long as the lower highs continue to form and price remains below the recent peak, the probability favors a move toward the lower support levels before any meaningful bullish continuation. Manage risk carefully and trail the stop loss after TP3 is reached.
🔽 SHORT
✳️ ENTRY: 0.0585, 0.05930, 0.0600
🎯 TARGETS: 0.05785, 0.0560, 0.05400, 0.05170, 0.04840, 0.0430
🀄️ LEVERAGE: Cross 10x
🔴 STOPLOSS: 0.0618
⚠️ Move SL to Entry once TP3 is reached.
After a sharp rally to 0.0619, $BILL faced strong selling pressure and printed a bearish rejection candle on the 15mins timeframe. The rapid decline suggests buyers are taking profits while short-term momentum has shifted in favor of the bears.
Price is currently trading below the recent swing high, and unless bulls reclaim 0.0619, the ongoing move is likely to remain a corrective phase. The first downside target lies near 0.0555, followed by the stronger demand zone around 0.0530-0.0470, where buyers may attempt to defend.
The 0.0580-0.0600 region is an attractive area for short entries, as it sits close to the recent rejection zone and offers a favorable risk-to-reward ratio. If price breaks above 0.0618 with strong volume, the bearish setup becomes invalid.
As long as the lower highs continue to form and price remains below the recent peak, the probability favors a move toward the lower support levels before any meaningful bullish continuation. Manage risk carefully and trail the stop loss after TP3 is reached.
