$1000000BOB

$1000000BOB/USDT Technical Breakdown (4H Timeframe)

🔻 Descending Triangle Forming

BOB/USDT is forming a descending triangle on the 4H chart. Price is making lower highs while holding support around $0.05100. This is typically a bearish pattern.

🔍 Key Levels

Support: $0.05100 (being tested again)

Immediate Resistance: $0.05582

Next Support Zone if Breakdown: $0.048 – $0.045

📉 Bearish Scenario

If price breaks below $0.05100, expect a quick fall toward the $0.048 zone. Increased volume on the breakdown would confirm the move.

📈 Bullish Possibility

If support holds and RSI (35.39) shows divergence, we might see a bounce toward $0.055–$0.057. Watch for Bitcoin correlation before entering long.

📌 Trading Tip: Wait for breakout or breakdown confirmation before making entries. Risk management is key. 🚨

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