$BILL is showing a possible recovery setup around $0.02398, up more than 5% on the day after holding above the lower support area near $0.0216 to $0.0226. The chart is still in a bigger downtrend, so I would not chase the candle here. For me, this is a long on pullback setup.
Bias: Long on support hold
Entry zone: $0.02320 to $0.02380
Stop: below $0.02260
TP1: $0.02460
TP2: $0.02580
TP3: $0.02750 if volume keeps building.
The key level is $0.02320. If BILL pulls back and holds above that area, buyers still have a chance to push toward the recent high. If it breaks below $0.02260 with strong selling, I’d cancel the long idea because that would show the bounce is failing.
Bias: Long on support hold
Entry zone: $0.02320 to $0.02380
Stop: below $0.02260
TP1: $0.02460
TP2: $0.02580
TP3: $0.02750 if volume keeps building.
The key level is $0.02320. If BILL pulls back and holds above that area, buyers still have a chance to push toward the recent high. If it breaks below $0.02260 with strong selling, I’d cancel the long idea because that would show the bounce is failing.