Massive volume sell-off, $BULLA plunged from 0.0775 all the way down to 0.0600, nearly a 16% drop. Trading value surged to $20.85 million, and the turnover was pushed up aggressively.
But here’s the interesting part—around the low at 0.0600, there’s backing and support. A total of 295 million in trading volume concentrated in the second half suggests someone is picking up shares at this level. Signs of a volume contraction and a stabilization are emerging; now it depends on whether they can hold the psychological level of 0.0600.
Set a stop-loss just below 0.0597—if it breaks, it means this wave of selling hasn’t bottomed yet. If it holds, first look for a rebound toward 0.0680; if it’s strong, it could potentially test 0.0720. Don’t take positions too heavily—at this point, neither bulls nor bears have a solid card to play.
If you dare to bottom-fish at 0.0600, or will you wait for it to stabilize before entering?
#BULLA
But here’s the interesting part—around the low at 0.0600, there’s backing and support. A total of 295 million in trading volume concentrated in the second half suggests someone is picking up shares at this level. Signs of a volume contraction and a stabilization are emerging; now it depends on whether they can hold the psychological level of 0.0600.
Set a stop-loss just below 0.0597—if it breaks, it means this wave of selling hasn’t bottomed yet. If it holds, first look for a rebound toward 0.0680; if it’s strong, it could potentially test 0.0720. Don’t take positions too heavily—at this point, neither bulls nor bears have a solid card to play.
If you dare to bottom-fish at 0.0600, or will you wait for it to stabilize before entering?
#BULLA