$BSB Bounce into resistance losing momentum, signs of rejection building
Trading Plan Short $BSB (max 10x)
Entry: 0.208 – 0.220
SL: 0.232
TP1: 0.195
TP2: 0.178
TP3: 0.160
The bounce extended higher but is now starting to stall around this resistance zone. Buying pressure attempted to push further, but follow-through is weakening and price action is becoming more choppy.
When a move fails to sustain after a bounce and faces rejection at resistance, it often signals exhaustion from buyers and opens the door for sellers to step back in, leading to a potential continuation to the downside.
BSBUSDT
Perp
0.21601
+2.02%