BB/USDT: Pivoting at MA60 – Watch for Momentum Shift 📊
BB is trading at $0.0566, up +1.25% today. The price is currently testing the MA60 ($0.0566), which now acts as a key pivot point. The 24-hour high is $0.0587 (resistance) and low is $0.0549 (support), defining the near-term range.
Trade Idea (Pivot Play & Range Break):
Scenario 1 (Long on MA60 Hold & Bounce):
Entry Zone: $0.0564 – $0.0567 (near MA60 support)
Stop Loss (SL): Below $0.0555 (break of local support)
Take Profit Targets (TP):
TP1: $0.0580 (approaching 24h high)
TP2: $0.0595 (next resistance level)
Scenario 2 (Breakdown Short):
Entry Trigger: Loss of MA60 and drop below $0.0560
Stop Loss (SL): Above $0.0572
Take Profit (TP): $0.0550 → $0.0540
Volume remains moderate at 1.36M USDT. The token faces selling pressure over the weekly period (-15.02% 7D). A clear hold above MA60 could signal near-term stabilization.