⚠️ guys $BSB is back and this 1h chart is showing me exactly the setup I have been waiting for
I posted the first BSB short warning when it was at 0.28461 — it pumped all the way to 0.94500 — and now the chart is telling the next part of the story
look at what the 1h is showing right now
1️⃣ the full dump already happened — $BSB crashed from 0.94500 all the way down to 0.29506 — that is a -68% collapse from the top — and now it is bouncing to 0.54752 — this bounce is happening with EMA25 at 0.56453 and EMA99 at 0.65610 both sitting above current price as heavy resistance
2️⃣ the EMA structure is the key — EMA7 at 0.50065 is now below price which means the short term bounce has momentum — but EMA25 at 0.56453 is right above acting as a ceiling — every bounce in a downtrend gets sold at the EMA25 — that level is where I am watching for the rejection
3️⃣ RSI at 65.04 and approaching overbought on the 1h bounce — RSI recovered from deeply oversold during the 0.29506 low all the way back to 65 — when RSI reaches 70 on a dead cat bounce in a broken downtrend that is the short entry trigger — we are almost there right now
4️⃣ the bigger picture — only 7 days of data at +47% — brand new listing that pumped to 0.94500 and is already in full collapse — #BSB has no long term support levels below current price — this is a coin finding its real value after the exit is complete
Entry: 0.56453
⚡ Leverage: 20x
🎯 TP1: 0.40555 — first major support zone
🎯 TP2: 0.29506 — retest of the recent low
🎯 TP3: 0.26256 — below structure breakdown
🎯 TP4: 0.18000 — full collapse target
🛑 SL: 0.69152 — above EMA99 resistance
move SL to entry after TP1
are you watching the EMA25 rejection on #BSB right now or are you already positioned 🎯