$BB
🔥 BB/USDT pair trade setup !
👀 Based on the 4-hour chart of BBUSDT (Perpetual) from Bitget, here is a quick technical analysis and suggested Take Profit (TP) and Stop Loss (SL) levels:
Current Price:
0.16310 USDT
👀Key Observations:
Recent Low (Support): 0.14634 USDT
Recent High (Resistance): 0.18791 USDT
24h Range: Low of 0.14634, High of 0.16537
Current Trend: Short-term bullish recovery from the recent low
Bullish Signal: Price has bounced off the bottom (0.14634) and broken above 0.15655 with momentum
👀Trade Setup (Long Position Suggestion):
Entry:
Current or slight retracement near 0.16200 – 0.16310
Take Profit (TP) Options:
1. Conservative TP: 0.16914 (recent minor resistance)
2. Moderate TP: 0.18172 (prior resistance zone)
3. Aggressive TP: 0.18791 (swing high)
Stop Loss (SL) Options:
1. Safe SL (below recent low): 0.14570
2. Tighter SL (below support area): 0.14900
⚠️Risk-Reward Ideas:
Entry SL TP Risk:Reward (approx)
0.163 0.149 0.169 1:1
0.163 0.149 0.181 1:1.5
0.163 0.1457 0.187 1:2.5+
💡 Conclusion:
The trend shows bullish recovery from a double bottom formation near 0.146. A long trade with a TP near 0.181–0.187 and an SL below 0.149 could offer a good risk-to-reward ratio if momentum continues.
BinanceAlpha$1.7MReward
