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$BILL
BILLUSDT in the 1H frame is giving a strong sell signal after a breakdown from the support area of 0.080–0.081. The long red candle with increasing volume shows that there is a large release force and the sellers are controlling the short-term trend.
The lines of MA5, MA10, MA20 are all down and the price is currently below the entire short-term MA → the downtrend is not over yet. The 0.072 area is currently only a temporary psychological support, if the break continues, it can return to 0.068–0.065.
Sell order plan:
● Good entry: return to the area of 0.0735–0.075 to sell according to the trend.
● Stoploss: above 0.0785.
● TP1: 0.068.
● TP2: 0.065.
If the price bounces back strongly and closes the 1H candle above 0.078, it should exit the sell order because of the possibility of a technical rebound. Currently, it is a priority to sell rather than catching the bottom.
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