📊 $BERA A/USDT LONG
🟢 Entry: $0.715 - $0.73
Hello trader! Analyzing the BERA/USDT chart on the 1-hour timeframe, we notice that the asset had an aggressive parabolic rise to 0.936 and is now in a healthy correction phase. The key point here is that the price found a well-defined horizontal support in the 0.720 region, where we are seeing a drastic reduction in selling volume, suggesting exhaustion of the bears. At the moment, the price is battling with the MA7 (0.727), and although we are below the MA25 and MA99 averages, the consolidation structure at this local bottom offers a great risk/reward ratio for a bounce. The RSI and low volume indicate that if the 0.720 support holds, we could see a 'bounce' looking to test the higher moving averages again and, eventually, the previous high. Be aware: this is a trade against the immediate downward trend, so the stop should be strictly respected if we lose the liquidity zone just below.
🛑 Stop: $0.685
🎯 TP1: $0.775
🎯 TP2: $0.84
🎯 TP3: $0.92
💪 Confidence: 68%
⚖️ R:R: 1:4.5
🟢 Entry: $0.715 - $0.73
Hello trader! Analyzing the BERA/USDT chart on the 1-hour timeframe, we notice that the asset had an aggressive parabolic rise to 0.936 and is now in a healthy correction phase. The key point here is that the price found a well-defined horizontal support in the 0.720 region, where we are seeing a drastic reduction in selling volume, suggesting exhaustion of the bears. At the moment, the price is battling with the MA7 (0.727), and although we are below the MA25 and MA99 averages, the consolidation structure at this local bottom offers a great risk/reward ratio for a bounce. The RSI and low volume indicate that if the 0.720 support holds, we could see a 'bounce' looking to test the higher moving averages again and, eventually, the previous high. Be aware: this is a trade against the immediate downward trend, so the stop should be strictly respected if we lose the liquidity zone just below.
🛑 Stop: $0.685
🎯 TP1: $0.775
🎯 TP2: $0.84
🎯 TP3: $0.92
💪 Confidence: 68%
⚖️ R:R: 1:4.5