🚨 $BULLA SHORT SETUP — REJECTION NEAR THE LOCAL HIGH. 👀
$BULLA pushed toward the $0.06428 high but faced a strong rejection. The 1H chart is now showing a lower high around $0.06218, with momentum starting to fade.
We're watching whether this structure leads to a move toward the lower support levels.
Levels to watch:
Entry Zone: $0.06218–$0.06236
TP1: $0.06000
TP2: $0.05800
TP3: $0.05609
Invalidation: $0.06515
The key is whether sellers maintain control below the rejection area. A break back above $0.06515 would invalidate this bearish setup. 🫡
$BULLA pushed toward the $0.06428 high but faced a strong rejection. The 1H chart is now showing a lower high around $0.06218, with momentum starting to fade.
We're watching whether this structure leads to a move toward the lower support levels.
Levels to watch:
Entry Zone: $0.06218–$0.06236
TP1: $0.06000
TP2: $0.05800
TP3: $0.05609
Invalidation: $0.06515
The key is whether sellers maintain control below the rejection area. A break back above $0.06515 would invalidate this bearish setup. 🫡
