Currency $BIRB
/USDT Trap for Beginners 🐦🩸
BIRBUSDT – Perpetual Contracts (Perp)
Price: 0.2786
Change: +38.82%
The currency is rising strongly by 38%, which is often a precursor to a distribution at the expense of new traders.
The indicators are on fire, and the Relative Strength Index (RSI) is above 70 (overbought).
Trade Plan (Sell / Short)
Entry Area: 0.275 – 0.285
Targets:
0.22
0.19 (Support of the Super Trend Indicator) 📉
Stop Loss: 0.33
Look at the image below:
Selling ratio 58% and yet the price is still rising?
This is suspicious behavior and often indicates smart distribution.
The upper wick of the candle is long, meaning that sellers pushed the price down.
Do not chase green candles so you do not become a victim.
Do your research well… the market is deceptive and dangerous.
#AlphaCall #Degenerate #CollectCoin $BTC $