🔸 SHORT 🔻📉 $BR
🟢 Entry Zone: 0.5750 - 0.6000 (Wait for rejection/lower high confirmation)
🔴 Stop-loss: 0.6350
🎯 TP1: 0.5200
🎯 TP2: 0.4800
🎯 TP3: 0.4200
🛑 DO NOT ENTER INTO TRADE WITHOUT STOP LOSS!
🔸 BR has witnessed a massive pump-and-dump style rejection from the 0.71377 peak, dropping over 14% and breaking below key intraday support levels. The price is currently forming a lower high structure near 0.5750, which acts as a weak relief zone.
🔸 On the 4h chart, the RSI is cooling off from overbought conditions while the MACD histogram shows a loss of bullish momentum. If price fails to reclaim the 0.6000 resistance, selling pressure is likely to accelerate toward lower targets.
🔸 Major resistance lies between 0.6000 - 0.6350. Sustaining below this area signals potential continuation down toward unmitigated sell-side liquidity and lower swing lows. ⚡
⚠️ Disclaimer: Not financial advice. DYOR and manage risk properly.
🟢 Entry Zone: 0.5750 - 0.6000 (Wait for rejection/lower high confirmation)
🔴 Stop-loss: 0.6350
🎯 TP1: 0.5200
🎯 TP2: 0.4800
🎯 TP3: 0.4200
🛑 DO NOT ENTER INTO TRADE WITHOUT STOP LOSS!
🔸 BR has witnessed a massive pump-and-dump style rejection from the 0.71377 peak, dropping over 14% and breaking below key intraday support levels. The price is currently forming a lower high structure near 0.5750, which acts as a weak relief zone.
🔸 On the 4h chart, the RSI is cooling off from overbought conditions while the MACD histogram shows a loss of bullish momentum. If price fails to reclaim the 0.6000 resistance, selling pressure is likely to accelerate toward lower targets.
🔸 Major resistance lies between 0.6000 - 0.6350. Sustaining below this area signals potential continuation down toward unmitigated sell-side liquidity and lower swing lows. ⚡
⚠️ Disclaimer: Not financial advice. DYOR and manage risk properly.