We’ve had a rough month (down bad -80% over 6 months), but we are finally seeing some life with a +6% bounce today.
Looking at the structure, price is currently testing the 0.103 resistance zone (right around the dotted line).
We’ve had a few rejections here before, but the volume is starting to pick up.
· Entry: Market buy here around 0.103, OR wait for a 4H candle close above 0.104 to confirm the breakout.
· Targets: Take profit 1 at 0.110 (previous local high). TP2 at 0.115.
· Stop Loss: Keep it tight at 0.095 (below the recent lows).
If we lose 0.095, this bounce is probably fake.
$BSB
Looking at the structure, price is currently testing the 0.103 resistance zone (right around the dotted line).
We’ve had a few rejections here before, but the volume is starting to pick up.
· Entry: Market buy here around 0.103, OR wait for a 4H candle close above 0.104 to confirm the breakout.
· Targets: Take profit 1 at 0.110 (previous local high). TP2 at 0.115.
· Stop Loss: Keep it tight at 0.095 (below the recent lows).
If we lose 0.095, this bounce is probably fake.
$BSB
