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BANK went bankrupt. I'm shorting the bailout." 🏦📉
BANK collapsed from 0.595 to 0.260, bounced to 0.306, and now it's stalling. The bounce is weak — volume is thin, EMAs are bearish, and the MACD is barely hanging on. This is a dead cat bounce, not a reversal.
If 0.32 fails, we drop back to 0.28.
My short trade:
Entry: 0.306 (current)
SL: 0.325
Targets: 0.290 / 0.270
The loan is defaulting. I'm shorting the collateral.
#BANK $BANK