Is BZ still stubbornly taking a beating? The first daily candle is a huge bearish engulfing, swallowing 4.74%; the price is pinned firmly below the moving averages, and you can’t even get a decent bounce—no respectable rebound wick to speak of. In the futures order book, the sell side is actively taking the trades and crushing through; after just 7 hours, the trading volume has suddenly dropped by 40%—buyers don’t even dare to post bids. This is a classic downtrend continuation. Don’t catch falling knives—every “bounce” around 97 is just bull-trap. I’d enter short directly at 96.80, target 91.20, with a stop loss at 101.50. If it breaks below 95, that’s when the acceleration phase kicks in. Does this kind of trash rebound even deserve to be called support? I think I’ll just pass.
