$BIRB lost the 0.08 level. There are two possible scenarios next:
① If it rebounds but can't reclaim 0.08 → the level turns into resistance; the next level to watch below is the 24h low at 0.07354.
② If it quickly reclaims 0.08 → this move looks more like a brief wick, and short positions could easily get squeezed.
Personally, I’m paying more attention to how the first rebound plays out.
Just my personal opinion—don’t take it too seriously.
① If it rebounds but can't reclaim 0.08 → the level turns into resistance; the next level to watch below is the 24h low at 0.07354.
② If it quickly reclaims 0.08 → this move looks more like a brief wick, and short positions could easily get squeezed.
Personally, I’m paying more attention to how the first rebound plays out.
Just my personal opinion—don’t take it too seriously.