$BULLA — well, here we are. 👀🔥
Two days ago I said that a breakout of $0.022 would be the key level.
And what did $BULLA do?
It broke out.
And then it flew up into the $0.06+ zone.
That’s more than +200% from the breakout level.
And the most interesting part is that liquidations explain this move perfectly.
The price moved above resistance, started taking out short liquidity, and then everything followed one after another.
Shorts get closed → extra demand appears → price moves higher → the next batch gets liquidated.
At the same time, the full 1B supply $BULLA is already in circulation, so there’s no pressure from future unlocks here.
And the presence of futures on Binance only adds fuel to this kind of volatility.
That’s why I kept looking higher after $0.022.
The structure was bullish.
Liquidity was above.
And the market did exactly what I expected.
#BULLA #Crypto
Two days ago I said that a breakout of $0.022 would be the key level.
And what did $BULLA do?
It broke out.
And then it flew up into the $0.06+ zone.
That’s more than +200% from the breakout level.
And the most interesting part is that liquidations explain this move perfectly.
The price moved above resistance, started taking out short liquidity, and then everything followed one after another.
Shorts get closed → extra demand appears → price moves higher → the next batch gets liquidated.
At the same time, the full 1B supply $BULLA is already in circulation, so there’s no pressure from future unlocks here.
And the presence of futures on Binance only adds fuel to this kind of volatility.
That’s why I kept looking higher after $0.022.
The structure was bullish.
Liquidity was above.
And the market did exactly what I expected.
#BULLA #Crypto
