$BB has experienced a significant decline of 8.3% over the past 24 hours.
The current price range is between 0.0907 (high) and 0.0828 (low), trending toward the lower Bollinger Band at 0.0831.
This proximity suggests potential overextension, indicating a possible rebound if the price holds above support at 0.0828.
Volatility appears to be contracting, which could lead to a sharp move in either direction.
Consider placing a stop-loss just below support at 0.0825 to manage risk effectively.
Traders might wait for confirmation before entering, or set alerts for a breakout above 0.0879 for a potential buy signal.
