$BB 🔥 Chart Analysis for BB/USDT (1H Timeframe)
Current Market Overview:
Current Price: 0.1797
24H High: 0.1938
24H Low: 0.1747
🔥 Price Change: -7.28% (Bearish Sentiment)
MA(5): 0.1785 (Below price, indicating slight bullish movement)
MA(8): 0.1791 (Price hovering around MA, possible consolidation)
🔥 Key Levels:
Support Level: 0.1747 (Strongest short-term support)
Resistance Level: 0.1984 (Previous high & strong resistance)
Minor Resistance: 0.1845 (Intermediate level)
Minor Support: 0.1688 (Potential bounce area)
🎯 Final Decision: Short Position
Reasoning:
Recent Downtrend: The price has declined from 0.1984 to 0.1797 and is struggling to recover.
Bearish Momentum: The price is below its short-term moving averages, suggesting further downside potential.
Lower High Formation: The previous peak at 0.1984 failed to hold, indicating weakness in buying pressure.
🔥 Entry Price for Short: 0.1797 - 0.1810
Stop-Loss: Above 0.1845 (In case of a breakout)
Take Profit: 0.1747 (First target) and 0.1688 (Second target)
✅ Suggested Position: Short (Bearish outlook)
⚠️ Disclaimer !
This is just educational purpose only always take final decision base on your own research because crypto market is inherited risky & highly Volatile .
#BB