$BOB USDT LONG TRADE SETUP 🚀

The price of $BOB /USDT Perpetual is currently at 0.017977, following a sharp sell-off earlier today. It seems to be finding temporary support near the recent low of 0.017560. Buyers are attempting to step in, showing initial signs of rebound on the short timeframe.

Keep an eye on the moving averages: The price is currently well below the MA(7), MA(25), and MA(99), suggesting a strong bearish trend is still dominant on the larger timeframes. However, a bounce from current levels could offer a scalp or a short-term long opportunity.

Target Points

A successful bounce could lead to a test of overhead resistance:

TP1: 0.018500 (Near the immediate swing high)

TP2: 0.019150 (Testing the next area of consolidation)

TP3: 0.019633 (Testing the MA(25) resistance)

Stop Loss

Set stop loss below the recent swing low to limit downside risk:

SL: 0.017450

Buy and Trade here on $BOB

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