I'm not sure that this is valid now, because I'm not sure if the resistance line is built correctly and is it there at all?... In any case, there is a bounce and it is dynamic.
Pay attention to the moving average. After the price broke through and tested it in September, we saw 86% gain at the peak. If the past repeats itself now, we may well expect a similar scenario. Also, look at the volumes - there is an accumulation.
Can this be called testing after the breakdown of descending channel? Probably. Long candle wicks can indicate about low asset liquidity, therefore slightly spoiling the overall picture. Based on the fact that we probably tested descending channel and showed the 6th largest green bar of the histogram, it can be argued that this is a good entry point, considering...
Promising permissionless liquidity parachain on Kusama. Liquidity mining will be launched soon, which will definitely bring in new money and probably create a supply and demand shock for BSX . The price will at least bounce to the strongest and most important zone - $0.00013
