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$BILL
BILLUSDT in the 1H frame is having a technical return signal after a sharp drop of nearly 13%. The price bounced up from the bottom of 0.0745 and now creates an increasing green candle with an improved volume, indicating that the bottoming force appears quite well.
However, the short-term trend is still weak because the price is below MA20, MA30 and MA60. The area of 0.0765–0.0770 is currently a close support, if it can be held, the possibility of continuing to return to the resistance test of 0.0800–0.0825 is quite high.
The MAs are in a downward direction: MA5 < MA10 < MA20 < MA30
The positive point is that MA5 has begun to curve up and the current candle is trying to break out of MA10. If the volume continues to increase, there may be a short-term recovery.
Strategy:
It is possible to buy and explore around 0.0770–0.0780.
Stoploss below 0.0740.
Short TP: 0.0800 → 0.0825.
If it strongly exceeds 0.0825, the trend will be clearer.
Prioritize shorting and tight capital management because the big trend has not been completely reversed.
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