📉 $BULLA 's Critical Test: Priced for a Fall or Fakeout?
$BULLA is hanging by a thread at $0.38288** after a staggering +179.39% pump. The party looks over—price is now trading **below Supertrend (10,3)** at 0.16573, and has been firmly rejected from the **$0.480–0.502 resistance zone.
The Strategy:
Entry: $0.380 – $0.385
Targets:
🔸 $0.302
🔸 $0.202
🔸 $0.102
📉 Bear Case:
A breakdown below $0.380** could accelerate selling toward **$0.302 and lower. Elevated volume on declines hints at distribution, not accumulation.
🚀 Bull Case (if reversal):
If BULLA reclaims $0.402**, the downtrend is broken. Next resistance: **$0.480. But with momentum this extended, the path of least resistance is down.
Current Sentiment: Extreme Greed → Potential Exhaustion
After such a parabolic move, consolidation or correction is statistically likely. This looks more like a liquidity grab than a sustainable rally.
Are you shorting this bounce or waiting for a confirmed breakdown below $0.380?
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