🫵🤔 Binance Life/USDT: strong pump, stronger rejection — what's next?
After a significant rally to 0.5599, the token faced aggressive sellers and plummeted -8.52% in 24h, returning to 0.3835. This movement clearly shows distribution after the vertical spike.
Technical reading: A top has formed with a clear rejection. Volume during the pump was followed by strong selling pressure. As long as it remains below 0.42, the short-term bias is bearish.
Current setup: Short on retest of 0.400-0.420 | TP 0.340-0.300 | SL 0.450. Expected trend for the next 24h: Down.
Spikes followed by strong rejections often lead to significant corrections. What's your take on this movement?
#BinanceLife #AnáliseTécnica #Crypto $币安人生 $BTC $SOL
After a significant rally to 0.5599, the token faced aggressive sellers and plummeted -8.52% in 24h, returning to 0.3835. This movement clearly shows distribution after the vertical spike.
Technical reading: A top has formed with a clear rejection. Volume during the pump was followed by strong selling pressure. As long as it remains below 0.42, the short-term bias is bearish.
Current setup: Short on retest of 0.400-0.420 | TP 0.340-0.300 | SL 0.450. Expected trend for the next 24h: Down.
Spikes followed by strong rejections often lead to significant corrections. What's your take on this movement?
#BinanceLife #AnáliseTécnica #Crypto $币安人生 $BTC $SOL
