Brothers, I'm opening a big short on $BSP here with 10x, and that red arrow says it all.
SHORT: $54.30
TP: $45.00
SL: $59.00
BSP went vertical from $36.55 straight to $58.45 in one candle, then immediately started bleeding back down. Price is now sitting at $54.30, and that spike already looks like it's fading.
When price rips this hard this fast with no base, it usually gives a chunk of it back. MACD is stretched at 1.01, way overheated. As long as it stays below $58.45, I'm expecting a pullback toward $45.00.
A reclaim above $59.00 would kill the idea.
$TRUTH $BTW
SHORT: $54.30
TP: $45.00
SL: $59.00
BSP went vertical from $36.55 straight to $58.45 in one candle, then immediately started bleeding back down. Price is now sitting at $54.30, and that spike already looks like it's fading.
When price rips this hard this fast with no base, it usually gives a chunk of it back. MACD is stretched at 1.01, way overheated. As long as it stays below $58.45, I'm expecting a pullback toward $45.00.
A reclaim above $59.00 would kill the idea.
$TRUTH $BTW