‼️$BAL is consolidating after a sharp -17.21% drop, hovering near its 24h low.
🟢 Bullish Scenario: If $BAL can find buyers and hold above the $0.91-$0.93
EMA zone, a rebound to retest the $1.08 upper Bollinger Band is possible. Breaking above $1.08 could target resistance around the $1.62 prior high, but that's a longer shot.
🔴 Bearish Scenario: Failure to hold current price levels and a break below the 24h low of $0.861 would confirm further downside. This would likely lead to a test of the $0.75-$0.73 support area (lower Bollinger Band). I'm waiting for confirmation rather than chasing a volatile move.
Trade Here 👇🏻
$BAL
$SKHY
🟢 Bullish Scenario: If $BAL can find buyers and hold above the $0.91-$0.93
EMA zone, a rebound to retest the $1.08 upper Bollinger Band is possible. Breaking above $1.08 could target resistance around the $1.62 prior high, but that's a longer shot.
🔴 Bearish Scenario: Failure to hold current price levels and a break below the 24h low of $0.861 would confirm further downside. This would likely lead to a test of the $0.75-$0.73 support area (lower Bollinger Band). I'm waiting for confirmation rather than chasing a volatile move.
Trade Here 👇🏻
$BAL
$SKHY
