$BSP SHORT
Parabolic rally rejected at 58.52 with a sharp -3.53% pullback on the 1H chart, leaving a long upper wick and a bearish rejection candle at the highs. Price is now back below the 56.38 upper Bollinger Band, and the 1H RSI is cooling off from overbought territory — the structure favors a short-term correction toward the mid-range.
Trading Ideas Short BSP
Entry: 52.80 - 54.50
SL: 56.80
TP1: 47.00
TP2: 43.50
TP3: 40.00
trade BSP here :👇
Risk: A 1H close back above 56.80 invalidates the bearish rejection and signals the uptrend is resuming. This is a counter-trend scalp after a massive vertical rally — use tight size and do not hold through a reclaim of the highs.
What do you think?
Would you take this setup, or wait for confirmation?
#Mr_Badshah77 $BTW $TRUTH
Parabolic rally rejected at 58.52 with a sharp -3.53% pullback on the 1H chart, leaving a long upper wick and a bearish rejection candle at the highs. Price is now back below the 56.38 upper Bollinger Band, and the 1H RSI is cooling off from overbought territory — the structure favors a short-term correction toward the mid-range.
Trading Ideas Short BSP
Entry: 52.80 - 54.50
SL: 56.80
TP1: 47.00
TP2: 43.50
TP3: 40.00
trade BSP here :👇
Risk: A 1H close back above 56.80 invalidates the bearish rejection and signals the uptrend is resuming. This is a counter-trend scalp after a massive vertical rally — use tight size and do not hold through a reclaim of the highs.
What do you think?
Would you take this setup, or wait for confirmation?
#Mr_Badshah77 $BTW $TRUTH