š $BIRB /USDT PERPETUAL ā 1H | Binance
$BIRB has printed a strong impulsive move up after a CHoCH from the lows, but price is now pulling back into a premium zone and showing signs of weak bullish continuation. Structure suggests this move is corrective rather than the start of a new trend.
Price is currently retesting a bearish supply / mitigation zone, where sellers are expected to step in.
š“ SHORT Setup
Entry: 0.258 ā 0.262
Stop Loss: 0.311
Take Profit:
TP1: 0.240
TP2: 0.225
TP3: 0.210