The first thing that caught my attention on $BILL wasn’t the 6% daily gain — it was where buyers stepped in after yesterday’s flush.

BILL is trading around $0.02163, up 6.34% over 24H. The current 24H range is $0.02005–$0.02178, giving roughly a 8.4% intraday range from low to high. Volume is around $8.64M, up about 31% versus the previous period, which tells me this bounce has meaningful participation rather than being completely illiquid.

The bigger picture is still fragile. BILL printed an all-time low around $0.01646 yesterday, so this is a recovery attempt from a very deep selloff. It is still more than 90% below the May ATH of $0.2328.

That makes the current chart a reclaim attempt, not a confirmed trend reversal.

What I like

• Buyers defended the $0.020 area

• Volume expanded while price recovered

• $0.02178 is now a clearly defined short-term ceiling

• Bybit already has BILLUSDT perpetual trading, so execution access is available, but leverage should be kept conservative.

What I don't like

• The token just came off an extreme drawdown

• Price is sitting directly beneath the 24H high

• The broader structure has not yet produced a convincing higher-high sequence

• Liquidity is still relatively small compared with larger altcoins, increasing slippage risk during fast moves

I’m not chasing $0.0216.

My preferred setup is a breakout + retest.

Trigger: reclaim $0.02180 and hold it on a retest with volume remaining strong.

Entry: $0.02180–$0.02200

SL: $0.02060

TP1: $0.02350

TP2: $0.02520

TP3: $0.02800

Using $0.02190 as the reference entry:

Risk to SL ≈ 5.9%

TP1 reward ≈ 7.3% → 1.2R

TP2 reward ≈ 15.1% → 2.6R

TP3 reward ≈ 27.9% → 4.7R

TP1 isn't amazing, but the later targets make the setup more interesting if momentum actually expands.

Invalidation: losing $0.02060 after the breakout attempt. That would tell me the reclaim failed and the market is still accepting lower prices.

One more thing: CMC shows about 2.42B BILL circulating out of a 10B maximum supply, so supply dynamics deserve attention when evaluating any sustained rally.

For now, I want confirmation rather than prediction. If $BILL cannot clear $0.02180 with real participation, I’m perfectly comfortable waiting.

Does BILL turn $0.02180 into support, or does this bounce lose momentum before the breakout?