The $BR breaks through our first target at $1.23, and the price is currently trading around $1.26.
If the upward momentum continues and more liquidity flows in, then the bullish trend will remain active, and the price targets the following levels in order:
1.623$
2.150$
2.677$
2.955$
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If you enter a long position, please exercise extreme caution, because the price is trading above the weekly high and above all of its extensions.
And to the lovers of #الشورت :
Watch the price action and trading volume at each of the levels mentioned above. If you find signs of weakness or a reversal in the trend, you can enter a short at any level where those signals appear, targeting the level immediately before it as a profit-taking point.
If the downward momentum continues, you can leave a portion of the trade to pursue farther targets at the following levels:
0.655$
0.425$
0.347$
⚠️✋
This is a technical analysis overview and not financial advice. Do your own research, adhere to risk management, and avoid high leverage.