$YB IS AT THE EDGE: Bounce or Freefall?
The charts are screaming for attention. After a massive drawdown, YieldBasis (
$YB ) is currently testing its historical support floor at $0.1494.
Here is the breakdown of the current setup:
The Bearish Reality: We are seeing constant sell-pressure on the 4H chart. Every attempt at a relief rally is being met with "sell-into-strength" wicks near $0.175.
🎯 My Trade Setup:
Short Entry: Looking for a rejection at $0.178 (retesting the 50-EMA).
Target: $0.150 (Previous Lows).
Stop Loss: $0.212 (Above recent local high).
The Critical Zone: $0.149 - $0.155 is the "Line in the Sand." If this holds, we could see a technical double-bottom. If it breaks? We enter price discovery to the downside.
Intraday Momentum: RSI is hovering in oversold territory, suggesting a short-term "Dead Cat Bounce" might be brewing toward $0.18.
What’s your move? Is
$YB a "buy the blood" opportunity, or is the dilution too strong to fight? 🛡️
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