$BILL is showing strength on the hourly chart, but I’m not forgetting the bearish pressure from the daily trend and BTC.
First, I’m waiting for a move toward $0.00432–$0.00436. If the momentum holds, the next targets will be $0.00448 and $0.00487.
The $0.00417–$0.00420 zone is interesting for an entry, especially if the price sweeps liquidity below $0.00413 and confirms a reversal with a strong candle or a change of structure on a lower timeframe.
The key level is $0.00413. A close below it will invalidate the bullish scenario.
I’m not rushing to buy yet. First, I want to see confirmation of buyer strength.
First, I’m waiting for a move toward $0.00432–$0.00436. If the momentum holds, the next targets will be $0.00448 and $0.00487.
The $0.00417–$0.00420 zone is interesting for an entry, especially if the price sweeps liquidity below $0.00413 and confirms a reversal with a strong candle or a change of structure on a lower timeframe.
The key level is $0.00413. A close below it will invalidate the bullish scenario.
I’m not rushing to buy yet. First, I want to see confirmation of buyer strength.