$BB is trading at $0.3988, up by 7.49% in the last 24 hours. After hitting a 24-hour high of $0.4429, the price has retraced and is consolidating near the $0.4000 level. This setup suggests potential for either a continuation of the bullish trend or a further retracement.
Short Setup:
Entry: Below $0.3900 (Breakdown confirmation)
Stop Loss (SL): $0.4100
Take Profit 1 (TP1): $0.3700
Take Profit 2 (TP2): $0.3500
Technical Outlook:
BB/USDT is at a critical level. A breakout above $0.4100 could lead to a bullish rally toward $0.4500. Conversely, a breakdown below $0.3900 might trigger further bearish pressure, targeting $0.3500.
Traders should watch volume closely to confirm the direction and use tight stop-loss levels to manage risks effectively.