After a sharp vertical pump, price failed to hold higher levels and showed clear rejection from the top. The impulsive move looks exhausted, and $BIFI is now consolidating below resistance, signaling distribution and a potential continuation to the downside........
Weak follow-through from buyers and heavy rejection wicks confirm bearish pressure is still active.
Trade Setup: Short
Entry Range: 122.5 – 125.0
Target 1: 115.0
Target 2: 105.0
Target 3: 90.0
Stop Loss (SL): 142.0
