#BouncebitClubs
Long Trade:
Entry Idea:
Conservative: Wait for a confirmed bounce from the stronger support zone around $0.11 - $0.1150.
Aggressive: A sustained break and close above immediate resistance at $0.1230 - $0.1250 with strong volume could signal a continuation of the upward trend.
Targets:
Short-term: $0.1250 - $0.1300
Mid-term: $0.1350 - $0.1400
Potential stretched target: $0.1500 - $0.1600 (retest of previous resistance levels).
Stop-Loss (example): Below $0.1100 or $0.1050 (depending on entry and risk tolerance).
Short Trade:
Entry Idea: If BB fails to break above $0.1230 - $0.1250 and is rejected with strong bearish confirmation, or if it breaks down convincingly below the key support at $0.1150.
Targets:
Short-term: $0.1150 - $0.1180
Mid-term: $0.1100 - $0.1120
Stop-Loss (example): Above $0.1250 or $0.1300.
Key Support & Resistance Levels:
Resistance: $0.1230, $0.1250, $0.1300, $0.1400
Support: $0.1180, $0.1150, $0.1100, $0.1050
