$BSB ⚠️ 7.4x Sell Volume Spike on
$BSB , distribution or shakeout?
- Given the -6.7% drop on huge volume and the total breakdown of nearby supports, I expect the price to continue lower, at least in the short term. This is classical distribution or panic selling, with smart money likely offloading positions.
- The best setup is to look for weak bounces into resistance (0.22331–0.22536) for short entries, but only enter after confirmation—such as bearish pin bars, strong rejection on the 5m or 1m, or continuation patterns like bear flags.
- Entry example: If price bounces to 0.22331 and forms a clear bearish rejection candle, enter short there, targeting 0.21979 first, then 0.21000 as the next take profit. Place your stop-loss just above the recent swing high formed during the bounce.
- Only change bias if price closes and holds above 0.22536 on strong reversal volume—this would warn of a possible V-shape recovery or manipulation, at which point I would stand aside and wait for new structure to form.
- In summary, strong selling is likely to persist. Focus on short setups at resistance, wait for clear confirmation, and do not chase the move without a proper signal.
📝 This is not investment advice, just an educational analysis. Trade safe and always wait for confirmation before entering!
📊 Get detailed free analysis of any coin on any timeframe you want. Try Finora AI - Your Trade Buddy for free → tinyurl.com/FinoraBot
#BSB