The SOL strategy shared earlier played out as expected, and profits from this round have been secured. Market moves and a cool head are in sync: the chart structure for $BSP is showing bearish signals. On the four-hour timeframe, rebound volume continues to contract, while a dense cluster of moving averages overhead is exerting clear pressure. Each rally is quickly pushed back down, indicating that buying support is weak. Repeated tests of key levels have failed to establish a firm hold, a structure that often suggests downside momentum is building.
Selling pressure is heavy near the top of the current range. If price cannot break through on increased volume, a pullback is only a matter of time. I favor opening short positions near the end of the rebound, anticipating a move back toward the lower target zone. A rebound is not a reversal; divergence between price and volume is the key signal.
🔴 Trade direction: Short
📍 Entry range: 524.9 – 56.99
🛑 Stop loss: 57.99
🎯 Take profit 1: 47.99
🎯 Take profit 2: 42.99
Gaze upon the vastness of mountains and seas; observe the market's finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#BSP
Click below to trade 👇
Selling pressure is heavy near the top of the current range. If price cannot break through on increased volume, a pullback is only a matter of time. I favor opening short positions near the end of the rebound, anticipating a move back toward the lower target zone. A rebound is not a reversal; divergence between price and volume is the key signal.
🔴 Trade direction: Short
📍 Entry range: 524.9 – 56.99
🛑 Stop loss: 57.99
🎯 Take profit 1: 47.99
🎯 Take profit 2: 42.99
Gaze upon the vastness of mountains and seas; observe the market's finer details.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#BSP
Click below to trade 👇