$BERA is currently in an area where many start saying: «well, below there’s definitely nowhere left».
The weekly chart, however, suggests the opposite.
The trend remains sharply bearish, and the historical demand zone 0.1780–0.1500 hasn’t yet shown its real strength. Therefore, I allow for one more sweep lower than 0.1780, with a potential move toward the 0.1500–0.1200 range.
But that’s exactly where an interesting scenario might appear.
If the price breaks the liquidity and then sharply returns above the level, forming a strong bullish reversal, then we can talk about a speculative long.
The target for such a reversal is first 0.3370.
And for now, $BERA is still trying to find a real bottom.
The weekly chart, however, suggests the opposite.
The trend remains sharply bearish, and the historical demand zone 0.1780–0.1500 hasn’t yet shown its real strength. Therefore, I allow for one more sweep lower than 0.1780, with a potential move toward the 0.1500–0.1200 range.
But that’s exactly where an interesting scenario might appear.
If the price breaks the liquidity and then sharply returns above the level, forming a strong bullish reversal, then we can talk about a speculative long.
The target for such a reversal is first 0.3370.
And for now, $BERA is still trying to find a real bottom.