$BULLA : short setup from daily support at 0.00841
The asset recently broke below its all-time low (ATL) and is currently in a consolidation phase that looks highly bearish. This distribution could be brief or prolonged, but all technical factors point to further downside.
A major red flag: the asset has completely decoupled from Bitcoin. It bleeds even when BTC is pushing higher, which is a clear sign of severe distribution (heavy selling pressure).
Gameplan: The scenario is mapped out in advance. The timing of the approach doesn't matter — I am simply waiting for a high-probability entry point below the key 0.00841 level.
Important reminder: Given the volatile nature of crypto and the ongoing global macro chaos, setups can invalidate rapidly. Strict risk management is non-negotiable.
NFA. DYOR.
#trading #TechnicalAnalysis #BinanceSquare #BULLA