📉 BOB Bearish Setup Alert 📉
Trading Plan:
Bias: Bearish
Entry: 0.01170 - 0.01185
Stop Loss: 0.01210
Targets 1–3: 0.01130 / 0.01100 / 0.01070
Technical Analysis:
On the 15-minute chart, BOB shows a clear bearish trend, with prices consistently trading below key exponential moving averages (EMA). The purple long-term EMA (approximately EMA99) forms a strong dynamic resistance zone. After experiencing a significant drop, prices are currently consolidating within a narrow range, which is often seen as a continuation pattern in a downtrend. A confirmation signal would be a decisive price drop below the recent low of approximately 0.011280, indicating the start of the next wave of declines.
Invalidation Condition:
This bearish outlook will only be invalidated if prices break and hold above 0.01210.
$BOB
