#BsB
Callback, go short immediately!!! Wait for a pullback wave and short directly.
I entered a short on BSB at 1.93 before bed, now at 0.90, floating profit of 1149%, leveraged 10x for 10x returns. Let me briefly review the logic behind this trade.
1. Why I dared to short around 2
1. 24-hour volatility of 250%, purely driven by speculation.
BSB skyrocketed from a low of 0.75 to 2.64 in the past 24 hours, a 250% swing, with trading volume surging, showing clear high-frequency trading characteristics; capital is moving in and out quickly. Such a level of surge lacks fundamental support, purely emotional FOMO. Without substantial positive news, pushing prices high just gives money to the shorts.
2. Buy depth starts to become unbalanced.
Yesterday, some analysts gave buy signals when the depth was above 1.50, favoring buyers. But can the buy side keep up after prices surged to 2.64? The sell orders are clearly weighing down, with insufficient funding and chasing high volume in the 1-hour and 4-hour time frames, a reversal is inevitable.
2. Actual operation and chart validation
Last night before bed, I placed a short order around 2, which was my psychological price point (I have my own algorithm for meme coins, and I believe the top is around 2.1). Now it's at 0.90. The short position smoothly yielded 10x profits; I took half off, and I'm holding the rest for the pattern.
On May 20, the plaza was still shouting "buy the dip," believing that with negative rates, shorts wouldn’t dare to add positions. What happened? Shorts didn’t dare to add, but the longs ran away. The price dropped from 2.64 to 0.90, a 65% decline. The depth changed from 1.50 to being dominated by sell orders, with the buy side unable to hold.
3. Next for BSB
· A short-term rebound might occur near 0.90, but it’s not a reversal. 0.75 is the previous low, and breaking below will lead to 0.5.
· For those looking to go long, wait for stabilization near 0.75 with reduced volume, enter lightly, and set a stop loss at 0.65.
· For those looking to short, wait for a pullback in the 1.3-1.5 range; that’s the best resistance level.
The crux of this BSB operation is simple: the market maker pushing prices up to unload is the real story. RWA narrative cannot support BSB at 2.6; the market maker wants out.
Callback, go short immediately!!! Wait for a pullback wave and short directly.
I entered a short on BSB at 1.93 before bed, now at 0.90, floating profit of 1149%, leveraged 10x for 10x returns. Let me briefly review the logic behind this trade.
1. Why I dared to short around 2
1. 24-hour volatility of 250%, purely driven by speculation.
BSB skyrocketed from a low of 0.75 to 2.64 in the past 24 hours, a 250% swing, with trading volume surging, showing clear high-frequency trading characteristics; capital is moving in and out quickly. Such a level of surge lacks fundamental support, purely emotional FOMO. Without substantial positive news, pushing prices high just gives money to the shorts.
2. Buy depth starts to become unbalanced.
Yesterday, some analysts gave buy signals when the depth was above 1.50, favoring buyers. But can the buy side keep up after prices surged to 2.64? The sell orders are clearly weighing down, with insufficient funding and chasing high volume in the 1-hour and 4-hour time frames, a reversal is inevitable.
2. Actual operation and chart validation
Last night before bed, I placed a short order around 2, which was my psychological price point (I have my own algorithm for meme coins, and I believe the top is around 2.1). Now it's at 0.90. The short position smoothly yielded 10x profits; I took half off, and I'm holding the rest for the pattern.
On May 20, the plaza was still shouting "buy the dip," believing that with negative rates, shorts wouldn’t dare to add positions. What happened? Shorts didn’t dare to add, but the longs ran away. The price dropped from 2.64 to 0.90, a 65% decline. The depth changed from 1.50 to being dominated by sell orders, with the buy side unable to hold.
3. Next for BSB
· A short-term rebound might occur near 0.90, but it’s not a reversal. 0.75 is the previous low, and breaking below will lead to 0.5.
· For those looking to go long, wait for stabilization near 0.75 with reduced volume, enter lightly, and set a stop loss at 0.65.
· For those looking to short, wait for a pullback in the 1.3-1.5 range; that’s the best resistance level.
The crux of this BSB operation is simple: the market maker pushing prices up to unload is the real story. RWA narrative cannot support BSB at 2.6; the market maker wants out.