8.21 Market Overview: Should we chase long after BB breaks or wait for a pullback to go long #BounceBitPrime
$BB after a bottom rebound to a high point of 0.1282 resistance begins to retreat, the MACD death cross forms indicating a possibility of further downward adjustment; you can choose to wait for a break below the support to go short or wait for a breakthrough above the resistance to stabilize before chasing long @BounceBit
Wait for the market to touch the lower support of 0.11944 again without breaking or a break followed by a pullback to go long, with a stop loss at 0.11642, targets at 0.12482 and 0.1282; conversely, if it breaks and stabilizes at 0.12482, chase long with a light position, stop loss at 0.12308, target at 0.1282; or set a high short position at 0.1282, stop loss at 0.12998, targets at 0.12482 and 0.12175
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