A clean breakout above resistance can extend the bullish cycle, while rejection may lead to range-bound consolidation before continuation.

AnalystJinYao
$BSB Whale whales are distributing at high levels, this "bear market graveyard" may become a slaughterhouse for bulls!

The top of the bull market often dies from greed; the beginning of a bear market always starts with luck.

Regarding the 1-hour trend of BSB, combined with liquidation maps and smart money data, technically, after the price touched the high of 0.59, it quickly fell back, MACD formed a death cross at high levels, and momentum was clearly insufficient. Although smart money once drove a sharp rise, it is now in a net outflow state.

The liquidation map shows that the 0.5-0.6 range is filled with a large number of stop-loss orders for shorts, a graveyard for shorts, which is often a trap set by the main force to lure longs and then reverse to harvest.

The main force is likely using the high levels to distribute chips, letting followers take the bait.

Trading ideas
Long positions around 0.46-0.47, short positions around 0.53-0.54;

Currently, BSB is in a violent shakeout period after a sharp rise, do not blindly chase longs, beware of the main force inducing longs to buy and then smashing the market.
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