source avatarxxxjjkl

Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy

📈 $BSB update For now this is still only a recovery attempt after a brutal downtrend, but if volume starts coming in, I wouldn't exclude a much larger bullish scenario. What makes me interested: 🟢 Strong reaction from the lows around 0.18-0.20 🟢 First impulsive move already showed buyers are active 🟢 Price is building above the recent local bottom instead of immediately giving everything back 🟢 Plenty of empty space above current price if momentum returns The key factor now is volume. Without volume: 🔴 This becomes just another relief rally inside a larger downtrend. With volume: 🟢 We can start talking about reclaiming higher levels and attacking the major supply zones that caused the original collapse. My preferred scenario would be: ➡️ Consolidation around current levels ➡️ Higher lows continue forming ➡️ Volume expands on breakout attempts ➡️ Reclaim 0.40+ area ➡️ Then start targeting the larger resistance zones higher up A lot of people are focused on where price is today. I'm more interested in where liquidity sits. After such a deep drawdown, the biggest opportunities usually appear when nobody believes the recovery is possible. If buyers keep absorbing supply here and volume increases, the long-side scenario remains very much alive. For now: ⚖️ Neutral-to-bullish 📊 Volume is the confirmation I want to see 🚀 No reason to rule out a move toward the higher liquidity zones if momentum returns

No.0 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.