$BDXN #BDXNUSDT Current Price: $0.03253 (-13% from 24h high of $0.03936)
Key Observations:
- Price is consolidating near the lower Bollinger Band ($0.03107-$0.03250 range)
- Mixed RSI readings (25-45) show neither strong oversold nor overbought conditions
- Volume is declining (MA5 dropping in most charts), suggesting weakening momentum
Critical Levels:
Support:
- Immediate: $0.03107 (24h low)
- Strong: $0.02921 (lower BB in some charts)
Resistance:
- First: $0.03343-$0.03449 (middle BB)
- Major: $0.03936 (24h high)
Trading Strategy:
Short Setup (Bearish):
1. Entry: $0.03300-$0.03350 (if price rejects middle BB)
2. Stop: $0.03460 (above resistance cluster)
3. Targets:
- $0.03110 (near 24h low)
- $0.02920 (lower BB)
Long Setup (Bullish Reversal):
1. Entry: $0.03110-$0.03150 (bounce off support)
2. Stop: $0.03080 (below recent lows)
3. Targets:
- $0.03350 (middle BB)
- $0.03500 (next resistance)
Key Indicators to Watch:
- RSI crossing above/below 40
- MACD lines crossing (currently slightly bearish)
- Volume spikes confirming moves
Risk Management Tips:
- Use 5-10x leverage max in this range
- Set stop-losses 1-2% beyond key levels
- Take partial profits at each target
This setup presents opportunities for both quick scalps (1-3% moves) and potential swing trades (5%+). The tightening Bollinger Bands suggest a volatility expansion is coming - be ready for quick moves in either direction.
#signaladvisor #BinanceAlphaAlert #SaylorBTCPurchase #FutureTarding $FDUSD