🦅 $BIRB
/ USDT: The 4H Trap Most Traders Are Missing
While the retail crowd looks for a breakout, the $BIRB 4H chart is flashing a classic "bull trap" signal. Momentum is stalling within the daily range, and a failure to hold current levels could trigger a sharp liquidation event.
🔴 Short Strategy: Fade the Weakness
Entry Zone: $0.229213 – 0.232683
Stop Loss (SL): 0.241359
Target 1 (TP1): 0.220536
Target 2 (TP2): 0.217066
Target 3 (TP3): 0.210125
📊 Technical Insight
Momentum: The RSI (15m) is sitting at 43.53. It’s weakening but hasn't hit the "oversold" zone yet, leaving plenty of room for a downside flush.
Resistance: Sellers are leaning heavily into the 0.232683 level. As long as this remains a ceiling, the bears have the upper hand.
The Trigger: A clean break below the entry low of 0.229213 is the signal. This likely marks the end of the consolidation and the start of an accelerated move toward TP1.
The Debate: Is this a genuine structural breakdown, or just a deep stop-hunt before a range reversal? Trade with discipline—the trend is your friend until the bend at the end.
Author: Nabiha Noor
Action: Like ❤️ | Follow ➕ | Trade Smart 📉