$BIRB is pulling back as selling pressure takes over following a recent rejection, presenting a clean setup to enter a short position.
Entry: 0.0675 – 0.0685
TPs: 0.0650 | 0.0633 | 0.0618
SL: Above 0.0705
Why Short?
The asset is drifting downward after failing to hold near the 0.07026 peak, currently changing hands at 0.06793. On the hourly chart, the MACD indicator shows negative momentum with red histogram bars, while the RSI sits low at 32.7, indicating that buyer momentum has faded and paving the way for a deeper correction toward the 0.06187 support base.
Entry: 0.0675 – 0.0685
TPs: 0.0650 | 0.0633 | 0.0618
SL: Above 0.0705
Why Short?
The asset is drifting downward after failing to hold near the 0.07026 peak, currently changing hands at 0.06793. On the hourly chart, the MACD indicator shows negative momentum with red histogram bars, while the RSI sits low at 32.7, indicating that buyer momentum has faded and paving the way for a deeper correction toward the 0.06187 support base.
