🚀 $BSW : Short Setup Triggered! Targets Falling! 🎯✅

$BSW Price Weakness Evident on the 1h Chart - Potential Short Setup! 🔻📉

On the 1-hour timeframe, $BSW is showing clear bearish momentum, currently trading around $0.04916 with a -14.15% decline! It's struggling below the recent high of $0.06106, which now acts as significant resistance.

✅ Key Observation:
#BSW , exhibiting clear price weakness and failing to hold previous highs. This suggests a potential continuation of the downtrend.

Potential Short Entry Levels:
🎯 $0.04950 - $0.05000 (Potential for a small bounce and entry)
🎯 $0.05100 - $0.05200 (Stronger potential entry closer to previous consolidation)

Potential Short Targets:
🎯 $0.04800 (Near-term support level)
🎯 $0.04700 (Next potential support)
🎯 $0.04600 (Further potential target if bearish momentum persists)
🎯 $0.04500- (Lower targets if the downtrend accelerates)

Important: Look for confirmation of bearish momentum before entering a short position. Consider using stop-loss orders to manage risk.

🛡️Key Resistance Level (to watch for potential invalidation of the short thesis):
🛡️ $0.05100 (Near-term resistance)
🛡️ $0.05200 - $0.05300 (Stronger resistance zone)

🛑 Stop Loss Consideration:
Consider placing a stop loss above the $0.05200 - $0.05300 resistance zone to protect your position.

Short and trade here on $BSW

#SignalAlert #TradingSignals