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Something very strange is happening with $BSB on the daily chart and nobody is talking about it.
After that nasty drop toward 0.1780, we just saw a sharp 14% bounce back to 0.2077. Usually, a dump that fast kills the project, but the buyers stepped in right where the previous demand zone was. The volume is picking up again which tells me the interest hasn't faded.
We're currently fighting to get back above that 0.2150 resistance level. If we can close a candle above it, we’re likely looking at a quick run back toward 0.2300. But if we fail here, expect a slow bleed back to test the 0.1800 floor again.
It’s a coin flip right now. I’m waiting to see if this bounce has real legs or if it’s just a relief rally before more pain. Don't jump in blindly.
#GateSquareAprilPostingChallenge