$BIFI /USDT SHORT TRADE OPPORTUNITY — EXTENDED WICK REJECTION ALERT!
$BIFI just printed a massive wick rejection after a parabolic move that touched the $249 zone. The sharp rejection and high volatility candle indicate exhaustion from buyers and profit-taking by early entries. This kind of overextension is often followed by retracement or a full correction.
Trade Setup (SHORT):
Entry Zone: $190 – $200
Target: $165
Stop Loss: $215
Market Outlook:
After an unsustainable vertical spike, sellers are stepping in aggressively. The 30m candle structure shows a blow-off top pattern with fading momentum. Expect a short-term pullback as liquidity gets absorbed.
Pro Tip:
Wick highs after rapid surges are a warning — take advantage of the reversal early and ride it down with tight control!
