$BILL Watch for a short opportunity. Once it pumps up, everyone may start shouting “bull,” but I think this looks more like a trap.

The current 4-hour short structure is still in place, and the daily chart is clearly capped in the 0.02487 to 0.02507 range. The 15-minute RSI is around 60, leaving room for the shorts to smash lower; the short-term volume data also confirms sellers are stepping up.

For entry, you can watch the 0.02487-0.02507 area, with downside targets around 0.02404 and even near 0.02250. Set your defense level at 0.02620.

This move is more bearish for me. Everyone, manage risk when trading—don’t chase too hard.