📉 BIFI ALERT: REJECTION CONFIRMED
Setup: SHORT 🔴
Target: NEW LOWS?
🚨 Trade Setup: BIFI Facing Heavy Resistance!
Just analyzed the 4H chart (see image), and the structure looks weak.
Why Short?
1️⃣ Trendline Rejection: Price tried to break the orange trendline but failed aggressively.
2️⃣ Market Structure: We are seeing a "ChoCH" (Change of Character) to the downside.
3️⃣ Liquidity: There is a "Weak Low" sitting below that is acting like a magnet for price.
My Setup (Paper Trade):
🔴 Entry: $207 - $213 (Current Zone)
🛑 Stop Loss: $228 (Above recent high)
📉 Target: $189 -> $120 (Gap fill)
This is a high-risk setup. Manage your leverage!
Bearish or Bullish? What do you see? 👇
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