$BIRB High-Risk Setup!

This coin was launched only a few days ago, so the market structure is not yet fully formed and may not always be reliable. However, that does not mean technical analysis is completely useless.

For this coin, the analysis is based on candle pattern observations. The market is currently in a bearish condition, but for short-term scalping, there is still an opportunity to take a long position.

The strategy applied is to set a non-aggressive take profit, as the probability of price reaching higher targets is relatively low. As shown in the chart, the chance of price hitting the upper target is quite limited.

Therefore, to secure profits, it is recommended to take TP at the blue line area, which has a more realistic probability compared to higher targets.

Hopefully today brings green numbers 🍀

Trade this coin 👇