$BAL

/USDT – Massive Rejection After Explosive Spike!

BAL surged over +35% intraday, peaking at $1.620 before facing strong rejection and pulling back to $1.129. The sudden spike and wick indicate a liquidity grab or whale sell-off at highs.

Market Snapshot:

24H High: $1.620

24H Low: $0.806

24H Volume: 4.84M BAL / 4.69M USDT

Trade Setup – Possible Short Opportunity:

Entry Zone: $1.14 – $1.18

Target: $1.00

Stop Loss: $1.25

Why Short?

Price failed to hold breakout zone, forming a long wick up and closing bearish on 1H. Weak momentum plus high volume at top suggests reversal.

Risk Tip:

Use tight SL and avoid overleveraging due to high volatility.

Take Short Trade here on $BAL

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