$BR doubled from 26 cents all the way to 55 cents on $348M volume.
Anyone who caught the 26 cent base is sitting on a clean 2x, but market-buying this wick above $0.50 is pure exit liquidity.
Unless bulls can cleanly break and hold above 55 cents, this has all the hallmarks of a parabolic climax running straight into whale supply.
First real support to watch is around $0.42 - $0.43. Lose that, and expect a sharp cascade back to the 30 cent region where this move started.
Did you take profit on this 2x run, or are you looking for the short setup?
#BR #CryptoTrading #PriceAction
Anyone who caught the 26 cent base is sitting on a clean 2x, but market-buying this wick above $0.50 is pure exit liquidity.
Unless bulls can cleanly break and hold above 55 cents, this has all the hallmarks of a parabolic climax running straight into whale supply.
First real support to watch is around $0.42 - $0.43. Lose that, and expect a sharp cascade back to the 30 cent region where this move started.
Did you take profit on this 2x run, or are you looking for the short setup?
#BR #CryptoTrading #PriceAction
