$BSP FACING SELLING PRESSURE ... IS A CORRECTION COMING?
$BSP has made a massive run from $38 to $58, but momentum now appears to be slowing. Price is hovering around the $52–$54 zone, and I'm watching closely to see whether sellers start taking control.
SHORT TRADE IDEA
Entry Zone: $52.70–$54.00
TP1: $50.00
TP2: $47.50
TP3: $44.00
Stop Loss: $56.50
The $52 level is the key area I'm watching. A clean breakdown below this support could open the door toward $50, followed by $47.50 and potentially $44.
After such a sharp rally, a deeper pullback wouldn't be surprising. However, if buyers reclaim $54 and push higher, the bearish setup becomes less convincing.
I'm watching for confirmation rather than jumping into a short after the initial move.
Will $BSP finally correct after that huge pump, or do bulls have enough strength for another leg higher?
$BSP has made a massive run from $38 to $58, but momentum now appears to be slowing. Price is hovering around the $52–$54 zone, and I'm watching closely to see whether sellers start taking control.
SHORT TRADE IDEA
Entry Zone: $52.70–$54.00
TP1: $50.00
TP2: $47.50
TP3: $44.00
Stop Loss: $56.50
The $52 level is the key area I'm watching. A clean breakdown below this support could open the door toward $50, followed by $47.50 and potentially $44.
After such a sharp rally, a deeper pullback wouldn't be surprising. However, if buyers reclaim $54 and push higher, the bearish setup becomes less convincing.
I'm watching for confirmation rather than jumping into a short after the initial move.
Will $BSP finally correct after that huge pump, or do bulls have enough strength for another leg higher?