🔥 $BID's Next Move: Consolidation Breakout Imminent?
$BID has shown impressive upward momentum recently, fueled by a surge in volume. Price is now consolidating, coiling up for its next potential move. Bulls are currently defending near-term support, but the market remains watchful.
📊 Trading Outlook (Leverage can be considered with caution):
📈 Potential long if we see a decisive break and hold above the 0.0550 resistance zone, targeting higher levels.
📉 Short setup could materialize if price breaks below the 0.0500 support level, potentially signaling a deeper correction.
Always manage your risk!
⚠️ NFA/DYOR.
