📊 $BULLA Technical Analysis & Setup
Bearish momentum dominates as multi-timeframe structures align downward, backed by heavy volume distribution and fading open interest.
• Key Support / Demand: 0.07304, with extended downside targets toward 0.06831.
• Resistance / Supply Targets: 0.0763, 0.0770 near-term supply, and 0.0805 as local resistance.
• Trigger / Confirmation: Wait for a weak relief bounce into the supply zone followed by a 15m bearish engulfing candle or rejection wick.
• Risk / Invalidation: Only a 1h close above 0.09526 invalidates the bearish bias and structural downtrend.
• Market Execution: Manage leverage carefully and wait for lower-high confirmation before entering short positions.
DYOR — Educational setup, not financial advice.
#BinanceSquare #Crypto #BULLA #Trading
Bearish momentum dominates as multi-timeframe structures align downward, backed by heavy volume distribution and fading open interest.
• Key Support / Demand: 0.07304, with extended downside targets toward 0.06831.
• Resistance / Supply Targets: 0.0763, 0.0770 near-term supply, and 0.0805 as local resistance.
• Trigger / Confirmation: Wait for a weak relief bounce into the supply zone followed by a 15m bearish engulfing candle or rejection wick.
• Risk / Invalidation: Only a 1h close above 0.09526 invalidates the bearish bias and structural downtrend.
• Market Execution: Manage leverage carefully and wait for lower-high confirmation before entering short positions.
DYOR — Educational setup, not financial advice.
#BinanceSquare #Crypto #BULLA #Trading