🚨 $BB /USDT ALERT on the 4-Hour Chart 🚨
BB/USDT has recently shown a decline after reaching a high of 0.3898, indicating selling pressure as it dropped to the current level around 0.3125. The price is now attempting to stabilize, though further movement could define its next trend direction.
Current Price: 0.3125
Entry Price for Short Trade:
Consider entering around 0.3150 if the price shows resistance here.
Critical Levels to Watch:
Resistance: 0.3419 – A break above this level could signal a reversal toward bullish sentiment.
Support: 0.2865 – This level is critical to prevent further downside; a break below could see a significant drop.
🎯 Take-Profit Targets:
1. TP1: 0.3000 – Near-term support that may be tested if downward momentum continues.
2. TP2: 0.2800 – A deeper target if the price fails to hold above key support.
3. TP3: 0.2600 – In case of a stronger bearish trend, this is the longer-term support.
🛑 Stop Loss:
Set a stop loss around 0.3300 to manage risk in case of unexpected bullish recovery.
⚠️ Caution:
Traders should monitor for stability around 0.3125 to confirm bearish continuation. An inability to break below support levels could suggest a potential rebound, so watch volume and momentum indicators to gauge strength on either side.
