#BILLYUSDT expecting further decline!📉 SHORT BYBIT:BILLYUSDT.P from $0.00367
🛡 Stop Loss: $0.00390
⏱ 1H Timeframe
📍 Overview:
➡️ BYBIT:BILLYUSDT.P continues to trend downward, forming new local lows. After retesting the $0.00387 zone, the price failed to hold and dropped again, confirming seller dominance.
➡️ POC (Point of Control) at $0.00475 shows the highest liquidity area, positioned above the current price. This confirms a bearish market sentiment, as major trading activity is still concentrated at higher levels.
➡️ A breakdown of support at $0.00367 strengthens the downtrend, opening the way toward $0.00336, where buyers previously showed interest.
➡️ If the price holds below $0.00367 , further downside movement is likely, with increasing sell pressure.
⚡ Plan:
➡️ Enter short after confirming a breakdown below $0.00367 , signaling further downside.
➡️ Risk management through Stop-Loss at $0.00390 , placed above the nearest resistance zone.
➡️ Primary downside target – $0.00336, where buyers may step in.
🎯 TP Targets:
💎 TP 1: $0.00336
🚀 BYBIT:BILLYUSDT.P remains weak — expecting further decline!
📢 BYBIT:BILLYUSDT.P remains in a strong downtrend with no signs of buyer recovery. If the $0.00367 level is broken with increasing volume, the decline may accelerate.
📢It's crucial to watch the reaction at $0.00336—if significant buying interest appears, a short-term bounce is possible.
📢However, in the long term, there are no clear reversal signals yet, and long positions should be approached with caution.
