$BILL still looks like a weak bounce setup rather than a clean recovery. Price is around 0.02293, down about 2.21%, and the bigger chart is still under pressure after that long fade from the earlier spike. Since it is already near the lower side of the 24h range, I would not short directly at market.
Bias: Short on bounce
Entry zone: 0.02320 to 0.02355
Stop: above 0.02420
TP1: 0.02210
TP2: 0.02165
TP3: 0.02080 to 0.02000 if sellers keep control
The key rejection area for me is 0.02355 to 0.02420. If BILL bounces into that zone and fails, the short setup looks cleaner. If it reclaims 0.02420 with strong volume, I’d cancel the short idea because that could turn into a relief bounce instead.
Bias: Short on bounce
Entry zone: 0.02320 to 0.02355
Stop: above 0.02420
TP1: 0.02210
TP2: 0.02165
TP3: 0.02080 to 0.02000 if sellers keep control
The key rejection area for me is 0.02355 to 0.02420. If BILL bounces into that zone and fails, the short setup looks cleaner. If it reclaims 0.02420 with strong volume, I’d cancel the short idea because that could turn into a relief bounce instead.