Can BSB still go up? When will the callback happen?
$BSB rose from 0.123 to 0.257, doubling overnight! Now it's back to around 0.22, are many people panicking again?
BSB will rise again, and if you can accurately position yourself, you'll be able to take advantage of the next wave of profit!
Currently, there's some buffer until 0.196, RSI is neutral to strong, and there is no overbought condition; MACD is narrowing positively. I believe there is a high probability it will bottom out around 0.196-0.2, wash out, and then rebound, targeting 0.25!
In terms of news, other trading platforms have also launched contracts and spot support in the past couple of days!
On-chain circulation is 200 million, total supply is 1 billion. Although there may be signs of washing in the early stages, the high turnover rate also indicates a precursor to an explosion.
Personally, I still have a positive outlook and believe BSB will rise, but short-term pullbacks are just free money! I have already completed my layout.
Buy low, add positions at the support level of 0.2, and set a stop loss below 0.196. Sell high, reduce positions when it rebounds to 0.232, don't be greedy.
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