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$BULLA Weak Bounce Inside Bearish Structure
๐ฅ Bounce Attempt After Heavy Dump
After the rejection from 0.0246, BULLA sold off aggressively and is now trying to stabilize around 0.017.
๐ Market Structure Insight
Still bearish overall. The trend shows clear lower highs and lower lows โ current move looks like a relief bounce, not reversal (yet).
๐ก Key Insight:
In downtrends, small bounces often get sold into unless key resistance is reclaimed.
๐ฏ Trade Levels:
Entry Zone (Bounce Play): 0.0170 โ 0.0175
Stop Loss: Below 0.0158
Target 1: 0.0188
Target 2: 0.0205
โ ๏ธ Key Levels:
0.0188โ0.0195 โ Major resistance zone
0.0160 โ Critical support
If price fails to break above 0.019, expect continuation downside. Reclaim above 0.0205 is needed to flip structure bullish.
Are you treating this as a dead-cat bounce or looking for a full reversal?