๐ Market Structure:
$BULLA is currently under strong selling pressure after a sharp rejection from recent highs. Price is moving in a bearish channel, showing weak buyer confidence.
๐ Technical Indicators:
RSI near oversold zone โ short-term bounce possible
Price below all major EMAs โ trend still bearish
Volume declining โ no strong accumulation yet
๐ฏ Key Levels:
Support: Previous demand zone (critical to hold)
Resistance: Last breakdown area (sell pressure expected)
๐ง Market Sentiment:
Mostly speculative. Whales are cautious, and retail traders are waiting for confirmation. Any bounce without volume may be a bull trap.
โ ๏ธ Risk Note:
High volatility + low liquidity = high risk. Best suited for quick trades, not long-term holding (for now).
๐ฎ Outlook:
Bullish scenario: Strong bounce from support with volume
Bearish scenario: Support breaks โ further downside likely
$BULLA
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