$BID – Buy-the-Dip Play Targeting $0.30 Post Fed Rate Cut
Current Price: $0.10503 (−13.22%)
24h Range: $0.08606 – $0.12478
24h Volume: 236.10M BID / 26.36M USDT
Key Technicals
- Trend Bias: Short-term oversold after sharp correction, positioned for macro-driven rebound.
- Resistance Levels:
- R1: $0.125 – immediate recovery zone.
- R2: $0.180 – mid-term resistance.
- R3: $0.300 – main target & prior supply zone.
- Support Levels:
- S1: $0.095 – immediate support.
- S2: $0.086 – recent low, invalidation level.
- Indicators:
- EMA(7 / 25 / 99): Price currently below short-term EMAs, but flattening slope suggests potential reversal.
- MACD: Bearish momentum slowing, possible bullish crossover ahead.
- Volume: Heavy sell-off volume followed by stabilization — potential accumulation phase.
Catalyst
- Fed Rate Cut (Upcoming Week): Historically bullish for risk-on assets, potentially triggering capital inflows into small/mid-cap altcoins like BID.
- Macro tailwinds could accelerate recovery from oversold conditions toward $0.18 and $0.30.
Trade Setup
- Entry Zone: $0.095 – $0.110 (accumulation buys)
- Target 1: $0.180 (partial profit)
- Target 2: $0.300 (main target)
- Stop Loss: $0.085 (below recent low)
- Risk–Reward: ~4.0
Setup Logic
- BID is trading near key support after a steep drop, offering a favorable risk–reward for dip buyers.
- The upcoming Fed rate cut could act as a strong macro trigger for a sharp rebound.
- Sustained closes above $0.125 would confirm a trend reversal toward $0.18 and $0.30.