⚠️ guys $BSB is doing something right now that I need to address immediately and honestly
I posted the short signal at 0.56453 — price is now at 0.62876 — that means my short is currently above entry and I want to be completely transparent about what the chart is showing
this is not the outcome I called and I need to walk you through exactly what changed
1️⃣ the bounce is stronger than expected — $BSB went from 0.29506 all the way to 0.64444 today — that is a 118% bounce from the low — I called this a dead cat but the bounce has gone much further than dead cats typically travel — when a bounce exceeds 100% from the low it is no longer a dead cat it is a second controlled pump
2️⃣ the EMA picture has flipped — EMA99 at 0.63855 is now almost exactly at current price — price is pressing into the EMA99 from below — this is the most critical level on the entire chart right now — if #BSB closes a 1h candle above 0.63855 the short thesis is invalidated and I need to reassess completely
3️⃣ RSI at 73.41 on the 1h — this is the same RSI level where I entered the short — if RSI pushes above 80 while price breaks EMA99 I will close this position and wait for a better entry — protecting capital is always the priority
4️⃣ the manipulation is real — the OI data and ratio data I showed you earlier confirmed smart money was short — but BSB is showing the same controlled bounce pattern as RAVE — someone is engineering this move to squeeze every short before the real dump
I am watching the EMA99 at 0.63855 as the line in the sand — above it I close — below it the short thesis survives
are you still in this trade or did you already manage your position 👀