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Hxlaw
Hxlaw
$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.
BILLUSDTperpetual10xSellOpen position
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