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$BULLA BULLAUSDT0.01Perp+45.56% dead but they aren't looking closely at this chart.
We just had a massive dump from the $0.024 area all the way down to $0.006. It looked like a total collapse, but look at that green candle starting to print. We’ve managed to bounce back to $0.0107, which is a significant level to watch.
The volume is definitely picking up, but we are still stuck under a lot of sell pressure. For this to actually reverse, we need to flip the $0.013 zone into support. If we can't hold this current bounce, we might be looking at a slow bleed back to the $0.008 range to find a real bottom.
It’s a high risk play right now. I’m waiting to see if this candle closes strong or if it’s just another "dead cat bounce" before more downside.
Are you buying this blood or waiting for more confirmation?
#GateSquareAprilPostingChallenge