$BSB Is a Trap?
Does anyone remember what happened around June 19?
On June 17, BSB hit 0.68. After that, it experienced extreme volatility, dumping all the way to 0.28. Then, in just 2 hours, it pumped back to 0.57. and in just 1 minutes, crash to 0.32. From there, it has continued bleeding to where we are today.
Now look at yesterday's candle.
It slowly pushed above 0.17 but failed to hold the level and dropped to 0.12. Then it slowly climbed back to 0.158, and baam. another 5 minutes crash to 0.13.
Do you see the similarity?
this price action doesn't look healthy. It looks more like repeated liquidity grabs followed by aggressive selling than genuine accumulation.
I'm already sitting on a massive loss, so selling now makes no sense. But based on what I'm seeing- shitty whales, aggressive short sellers, scammer team members continuous selling pressure are making it extremely difficult for this coin to build any sustainable upward momentum.
this is not a coin to hold in 2-3 months, it is a trash. let's look at the volume- futures volume dropped from around $350M to $250M, with heavy selling pressure.
Spot volume declined from $10M to $8M. buying interest is extremely weak compared to the selling pressure.
Today's liquidations (last 18 hours): longs are $500K and shorts only $108K.
Shrinking volume combined with persistent selling pressure is not a healthy signal. If this trend continues, another dump is coming. we are trapped. This is a very concerning situation.
BSB is a RED ALERT
#scamriskwarning #scam #redalert