BOB is not dead!!!
If you do not understand what is happening, learn this!
The FVG:
In summary, an FVG is a price area where an imbalance was created by a rapid price movement, and it is used by traders to identify trading opportunities.
Then there is Fibonacci which shows the resistance areas on this rise. In other words, Fibonacci retracements are used to determine where the price of a cryptocurrency might stop or bounce after a period of significant movement. For example, if a cryptocurrency experiences a strong rise, traders can use Fibonacci retracements to identify the levels where the price might correct before resuming its upward trend.
The critical zone is more or less at 50% of this big rise (no drawing tools on web3 to show you this) and if it goes below, it is critical (this is the area where bob is currently bouncing).
The image is for demonstration purposes but is not bob.
The 'drop' of BOB is not one!
It is just a normal retracement of the chart with liquidity grabs and scared people leaving.
If you want to enter and exit at the right time, you absolutely must know and understand the principle of FVG and additionally Fibonacci which can indicate a bounce at a 50% drop and say whether it resumes or completely retraces its FVG.
NOW THAT YOU KNOW THIS! UNDERSTAND IT AND PLAY WITH IT!!!
For my part, I have fallen under the charm of a new token.
After bob,#stickman bsc on web3 and for me the token that has the craziest potential I have seen. If its community grows quickly, it could surpass Shiba in its rise.
