【$BIRB Signal】Short Sell | Sharp Rise Followed by Distribution at High Levels

$BIRB After a violent surge of over 50% on the 4H timeframe, a high-volume resistance and stagnation appear at the top, and the current price is retracing the gains. The funding rate of -0.1458% indicates strong bearish sentiment. The latest 4H candlestick closes near the lowest point, suggesting buying momentum is exhausted.

🎯Direction: Short Sell

🎯Entry: 0.250 - 0.252

🛑Stop Loss: 0.260 (Rigid stop loss, break above previous high)

🚀Target 1: 0.235

🚀Target 2: 0.215

Hardcore Logic: Price surged violently from 0.198 to 0.295 but failed to stabilize, forming a long upper shadow. Subsequently, the candlestick body shrank and closed lower, indicating a typical pump and distribution pattern by the main force. The depth chart shows sparse sell orders and a lack of effective support, making the price prone to rapid decline. Negative funding rates increase the cost of long positions, prompting traders to close their positions. Statistically, the first deep correction after a sharp rise is a high-probability trading opportunity.

Trade here 👇 $BIRB

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