$BSB is currently trading around $0.124 on the 4H chart, and this is an interesting area to watch after the sharp volatility we’ve seen over the past few weeks.
Price has been moving through a broad range, but the $0.115–$0.120 zone has repeatedly acted as an area where buyers step in. The latest reaction from this region is what caught my attention. Instead of breaking down cleanly, price bounced back toward $0.13 before pulling back again.
The setup I’m watching is a possible retest of the $0.115–$0.120 support zone. If buyers defend this area once again and momentum starts building, the first important target would be around $0.14, followed by the $0.15 region marked on the chart.
However, #BSB needs confirmation. If the support zone fails and price starts closing below it on the 4H timeframe, the bullish idea becomes weaker and another leg lower could follow. #Macro Insights# #MarketAnalysis #DeFi
Price has been moving through a broad range, but the $0.115–$0.120 zone has repeatedly acted as an area where buyers step in. The latest reaction from this region is what caught my attention. Instead of breaking down cleanly, price bounced back toward $0.13 before pulling back again.
The setup I’m watching is a possible retest of the $0.115–$0.120 support zone. If buyers defend this area once again and momentum starts building, the first important target would be around $0.14, followed by the $0.15 region marked on the chart.
However, #BSB needs confirmation. If the support zone fails and price starts closing below it on the 4H timeframe, the bullish idea becomes weaker and another leg lower could follow. #Macro Insights# #MarketAnalysis #DeFi