$BSW This wave of violent surge of 76% is purely the dog’s fund self-indulgence!
The 4-hour chart shows a huge bullish candle shooting up to 0.03395, which looks impressive, but the MACD's 0.00155 bar value is too fake, with DIF at 0.00093 and DEA at 0.00015 wide open, tearing apart like a death signal copied and pasted from the night before the crash on June 19!
The KDJ is even more ridiculous, with the J value at 68.55 stuck in the overbought zone waiting for a plunge. In this position, inserting needles to explode the bullish army is an old trick. Now the dog’s fund has piled up a massive sell order at the iron ceiling of 0.035, while the support below at 0.023 is as thin as paper. The rebound volume just now was only 166,280 USD, not enough to fill the gaps of the dog’s fund.
Today's operation can be summed up in one sentence: firmly defend 0.035, and if there is no volume breakthrough, absolutely do not chase the long position. If 0.025 breaks down with volume, directly go full short! These small coins that explode after a surge must crash hard. If you have profits in spot trading, run now, don't be greedy! Leveraged players who dare to open long positions are looking for death! Especially since Bitcoin is still swaying at 107,262, it could collapse the whole market at any time, and BSW, this imitation, starts with a 50% drop!
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