$BIRB is up +21% and everyone's piling in late. I'm looking the other way š
After climbing from 0.0757 to 0.10498 in 3 days (+21% on the day), momentum is showing signs of exhaustion.
Look at what happened around 0.09826: BIRB got through by just 6.8%, tagged 0.10498 and fell back. Everyone who bought that breakout is sitting on a loss now.
My eyes are on 0.08072, the low of the $BIRB earlier pullback. A lot of stops are sitting there and price hasn't tested it yet. Above 0.10498 I'm out of this idea.
š My BIRB trade: short from 0.09961, stop at 0.10906, target 0.08072 (+19.0%, 1:2)
š 24h Vol: $59.9M | 24h Chg: +20.7% | Funding: -0.0613%
Agree or disagree? Let me know š
Follow for daily chart breakdowns š
Not financial advice. Manage your risk.
#BIRB #Crypto #Trading
After climbing from 0.0757 to 0.10498 in 3 days (+21% on the day), momentum is showing signs of exhaustion.
Look at what happened around 0.09826: BIRB got through by just 6.8%, tagged 0.10498 and fell back. Everyone who bought that breakout is sitting on a loss now.
My eyes are on 0.08072, the low of the $BIRB earlier pullback. A lot of stops are sitting there and price hasn't tested it yet. Above 0.10498 I'm out of this idea.
š My BIRB trade: short from 0.09961, stop at 0.10906, target 0.08072 (+19.0%, 1:2)
š 24h Vol: $59.9M | 24h Chg: +20.7% | Funding: -0.0613%
Agree or disagree? Let me know š
Follow for daily chart breakdowns š
Not financial advice. Manage your risk.
#BIRB #Crypto #Trading
