$BSB Forecast for the coming candlestick pattern (two scenarios):
The expected scenario (temporary bullish):
Due to the Stochastic indicator position, we may see an attempt upward by the candles to test the resistance area between 0.13060 and 0.13380. If the price manages to break above the 99 MA (purple line) and hold above it, it may return to increase toward the 0.14100 levels.
The bearish scenario (continuation of the decline):
If the candles fail to break the MA(25) line at 0.13068 and liquidity remains weak, it is expected that the price will continue a gradual drop, to further target nearby support zones at 0.12576 (the lowest price during the past 24 hours). If that level is broken, price may move again toward the main bottom at 0.11334.
Trading advice: It is preferable to wait until moving averages confirm an upside breakout with strong volume before entering, or wait for the price to reach strong support zones (around 0.12500 or lower) while monitoring price action.
The expected scenario (temporary bullish):
Due to the Stochastic indicator position, we may see an attempt upward by the candles to test the resistance area between 0.13060 and 0.13380. If the price manages to break above the 99 MA (purple line) and hold above it, it may return to increase toward the 0.14100 levels.
The bearish scenario (continuation of the decline):
If the candles fail to break the MA(25) line at 0.13068 and liquidity remains weak, it is expected that the price will continue a gradual drop, to further target nearby support zones at 0.12576 (the lowest price during the past 24 hours). If that level is broken, price may move again toward the main bottom at 0.11334.
Trading advice: It is preferable to wait until moving averages confirm an upside breakout with strong volume before entering, or wait for the price to reach strong support zones (around 0.12500 or lower) while monitoring price action.
