$BSB Short Watch
$BSB just pumped aggressively with a vertical move and limited consolidation. Price is now extended well above short-term EMAs, and RSI is deep in overbought territory on lower timeframes. Volume spiked during the pump but is starting to fade, signaling exhaustion from buyers.
We’re also seeing a clear bearish divergence forming: price made a higher high while momentum indicators printed lower highs. This often precedes sharp pullbacks. Liquidity likely sits above recent highs where late longs piled in, making it a prime target for a stop run before a dump.
Key resistance rejected twice already and orderbook shows heavy sell walls appearing. If momentum stalls and sellers defend this zone, a quick flush back to the 0.5-0.618 fib retracement is likely.
Overextended pumps like this rarely hold without a cooldown. Watching for a breakdown below local support to confirm short momentum. Next few hours are critical as profit taking kicks in.