🚨 $B strong downtrend, the price has been dropping steadily, and I don't see any real signs of a turnaround yet.
On the volume side, I've noticed that the big sell-offs come with some serious volume spikes—like that one candle with 64.68M during the drop. But when it tries to bounce back a little, the volume just fizzles out, which screams that sellers are still in control.
Capital flows aren't looking great either. In the shorter timeframes, we're seeing steady outflows—negative 307K at 2H and a bigger hit of negative 514K at 6H. Sure, there's some inflow over 24H, but it's not enough to counter the selling pressure building up.
Overall, I'm leaning bearish here, but I'd play it cautious with a short position—keep that risk tight because things can flip fast.
For entry short $B : I'd consider shorting right around the current level of 0.2064, or wait for a small pullback to 0.215-0.220 where it might test the old support as new resistance. To confirm, watch for a 1H candle close under 0.205—that could give it some extra downward push.
Set your stop loss 3-4% above your entry, say in the 0.212-0.214 zone
I'm eyeing targets $B around 0.185-0.190. Just keep an eye out for a possible bounce if it gets oversold near 0.1835 support—don't want to get caught off guard.
Anyone seeing something different in the charts?
#b #busdt #BUILDon