#BILL At this level, it's time to start laying down some shorts.
Check out the trend of $BILL ; it's clear that 0.22 is acting as strong resistance. On the 13th, it shot up to 0.227 but got smashed back down. Today, it was pulled up to 0.225 and then retraced; both times it touched above 0.22 and couldn't hold. Right now, the short position is around 0.22, so diving in directly is no big deal.
There’s still an unlock coming in June, so we can expect some selling pressure down the line.
Check out the trend of $BILL ; it's clear that 0.22 is acting as strong resistance. On the 13th, it shot up to 0.227 but got smashed back down. Today, it was pulled up to 0.225 and then retraced; both times it touched above 0.22 and couldn't hold. Right now, the short position is around 0.22, so diving in directly is no big deal.
There’s still an unlock coming in June, so we can expect some selling pressure down the line.