While the retail crowd blindly chases longs on $BSB /USDT, I’m waiting for the 4-hour bull trap to snap shut.
$BSB — SHORT SETUP
Trade Execution Plan:
Entry Range: 0.68593 – 0.69255
Stop Loss (SL): 0.72100
Take Profit 1 (TP1): 0.66542
Take Profit 2 (TP2): 0.64954
Take Profit 3 (TP3): 0.62572
Strategy Breakdown:
The 15-minute RSI is sitting at a completely neutral 47.9, showing no real upward drive, even though the 1-hour ATR is quite wide at 0.029. The 4-hour bias leans bearish with a 55% confidence level, while the daily chart shows the price is locked in a range rather than staging a true breakout. By taking an entry around 0.68924, the risk is strictly managed with a tight invalidation level at 0.72100. Our first target at 0.66542 is highly achievable the moment this upward momentum fizzles out.
The Bottom Line:
While the rejection from the range top isn't fully locked in yet, the 4-hour market structure heavily suggests we retest lower support levels before any actual upward expansion can happen.
#CryptoTrading #TechnicalAnalysis #Scalping #BearishStructure
