Hey traders! 👋
Hope you're all doing great! Let me share what I'm seeing on this $BB weekly chart, and trust me, there's some interesting stuff happening here! ☕
🎯 Current Situation
$BB is trading at $0.0679, up +10.77% in the last 24h ➡️ not bad at all! But before we get too excited, let's zoom out and see the bigger picture.
📈 What's The Chart Telling Us?
Looking at this weekly timeframe, I can see that we had an EXPLOSIVE move back in May 2024 from $0.0238 all the way to $0.8789 (that's 36x gains! 🚀)
Then reality hit, and we have been in a downtrend since.
The SAR indicator (those yellow dots) has been bearish for a while, showing the downward pressure.
We're hovering around $0.0679, which is close to our starting point from May 2024.
We have formed a higher low recently around $0.05, which is actually a small bullish sign.
Volume has been declining, which tells me the selling pressure is weakening.
💡 My Trading Setup
FOR THE PATIENT BUYERS (Spot Trading)
✅ Entry Zone: $0.065 ➡️ $0.070 (we are right in it!)
🔴 Stop Loss: Below $0.055 (protect that capital!)
🎯 Targets:
Target 1: $0.095 (short term resistance)
Target 2: $0.135 (medium term)
Target 3: $0.180+ (if momentum really kicks in)
Why This Setup?
We are at a critical support level where the price started its massive rally. If history doesn't repeat but rhymes, this could be a solid accumulation zone. The key is patience - weekly charts don't play out in days!
⚠️ Risk Management (Please Read!)
Look fam, I'm being real with you here. This is NOT financial advice, but here is what I'm thinking.🍄
Only invest what you can afford to lose.
$BB is still in a macro downtrend (those yellow SAR dots don't lie).
We need to see the SAR flip to bullish (dots moving below candles) for confirmation.
A weekly close above $0.095 would be VERY bullish.
🎲 My Personal Take
I'm cautiously optimistic here. We are at support, volume is drying up (sellers exhausted?), and sometimes the best opportunities come when things look grim. BUT - and this is a big but - we need confirmation.
What I'm Watching
Can we hold above $0.065?
Do we get a bullish SAR flip?
Is volume coming back on green candles?
If we get a strong weekly close above $0.08, that's when things get spicy! 🌶️
💪 Final Words
Remember traders, the market rewards patience and punishes greed. This setup might take weeks to play out, so don't expect overnight riches. Set your alerts, manage your risk, and let the market do its thing.
Drop a 🚀 if you found this helpful, and let me know in the comments what you think about BB! Are you buying this dip or waiting for more confirmation?
Trade safe, stay humble, and let's catch these gains together! 💪📈
NFA - Not Financial Advice. Always DYOR! 🙏
