BSW Bull Trap:Binance Delisting + Weak Fundamentals = -50% AheadToday, I want to analyze the Biswap project ( BINANCE:BSWUSDT ) with the BSW token for you and examine the opportunity for a short position on the BSW token from a Fundamental and Technical perspective.
First, let's examine the conditions of the Biswap project from a Fundamental perspective.
Biswap is a decentralized exchange (DEX) built on the BNB Chain, offering features like token swaps, farming, staking, and an NFT marketplace. It became popular due to its very low trading fees (0.1%) and an aggressive referral & reward system.
However, the project is facing key fundamental issues:
Decline in trading volume and user activity
Drop in TVL rankings among DEX platforms
Inflationary tokenomics with constant reward emissions, increasing sell pressure
Most critically, Binance announced the delisting of BSW (effective July 4, 2025), shaking investor confidence severely .
In summary, while Biswap started strong, its fundamentals have weakened significantly, especially after the Binance delisting, which casts doubt over its future viability.
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In terms of Technical Analysis , the BSW token managed to reach the Heavy Resistance zone($0.060-$0.0315) and Potential Reversal Zone(PRZ) with the previous hours' pump( more than +100% ), but then started to decline again.
In terms of Elliott wave theory , I consider the recent hours pump as a wave C of the Zigzag Correction(ABC/5-3-5) .
I expect that given the delisting(soon) of the BSW token and the technical analysis of the BSW token, it will fall by at least -50% . In fact, this pump could act as a Bull Trap .
Note: Stop Loss(SL)= $0.0422 = We can expect more pumps.
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Biswap Analyze (BSWUSDT), 1-hour time frame.
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