$BID – Oversold Rebound Targeting $0.15
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, showing early signs of stabilization.
- Resistance Levels:
- R1: $0.125 – first recovery hurdle.
- R2: $0.150 – main rebound target.
- Support Levels:
- S1: $0.095 – immediate support.
- S2: $0.086 – recent low, invalidation level.
- Indicators:
- EMA(7 / 25 / 99): Price below short-term EMAs but flattening slope suggests selling pressure is easing.
- MACD: Bearish momentum slowing, potential bullish crossover ahead.
- Volume: Heavy sell-off followed by lighter selling — possible accumulation phase.
Trade Setup
- Entry Zone: $0.095 – $0.110 (accumulation buys)
- Target: $0.150 (main rebound target)
- Stop Loss: $0.085 (below recent low)
- Risk–Reward: ~3.0
Setup Logic
- BID has pulled back sharply into a key support zone, offering a favorable risk–reward for rebound traders.
- A sustained close above $0.125 would confirm momentum shift toward $0.15.
- Short-term sentiment could improve quickly if broader market conditions turn risk-on.