đ $BERA is showing a potential technical setup!
BERA is developing a macro bottoming structure on the weekly timeframe, attempting to reverse a prolonged downtrend toward upper resistance zones.
đ The Technical Setup:
⢠The Pattern: Descending trendline breakout with potential reversal base
⢠Short-term Target: 2.4000 USDT to 2.6000 USDT resistance zone
⢠Macro Objective: 2.8000 USDT
⢠Market Structure: Reversal and potential breakout setup
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: 0.2000 - 0.2626 USDT
⢠Resistance: 2.4000 - 2.6000 USDT
⢠Breakout Level: 1.0000 - 1.2000 USDT trendline intersection
⢠Stop Loss / Invalidation: Below 0.2000 USDT swing low
đ Confirmation:
⢠Volume: Neutral/standard volume
⢠Momentum: Early signs of bullish momentum following a prolonged downtrend
⢠Trend: Macro downtrend attempting a bottoming reversal structure
â ď¸ Invalidation:
A weekly close below the 0.2000 USDT support level invalidates the bullish reversal structure.
BERA is forming a potential macro bottoming structure with a projected path toward higher resistance zones if key trendlines are cleared.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#BERA #crypto #BinanceSquare #Binance #BTC
BERA is developing a macro bottoming structure on the weekly timeframe, attempting to reverse a prolonged downtrend toward upper resistance zones.
đ The Technical Setup:
⢠The Pattern: Descending trendline breakout with potential reversal base
⢠Short-term Target: 2.4000 USDT to 2.6000 USDT resistance zone
⢠Macro Objective: 2.8000 USDT
⢠Market Structure: Reversal and potential breakout setup
đŻ Key Levels to Watch:
⢠Support / Accumulation Zone: 0.2000 - 0.2626 USDT
⢠Resistance: 2.4000 - 2.6000 USDT
⢠Breakout Level: 1.0000 - 1.2000 USDT trendline intersection
⢠Stop Loss / Invalidation: Below 0.2000 USDT swing low
đ Confirmation:
⢠Volume: Neutral/standard volume
⢠Momentum: Early signs of bullish momentum following a prolonged downtrend
⢠Trend: Macro downtrend attempting a bottoming reversal structure
â ď¸ Invalidation:
A weekly close below the 0.2000 USDT support level invalidates the bullish reversal structure.
BERA is forming a potential macro bottoming structure with a projected path toward higher resistance zones if key trendlines are cleared.
đ Creator: NOUMAN_DON (@NOUMAN_DON)
#BERA #crypto #BinanceSquare #Binance #BTC
