I’ve been keeping a close eye on $BTR since that heavy dump.
$BTR has a history of aggressive pumps and dumps, so it’s no surprise many traders are now watching it for a possible rebound.
But a big drop doesn't automatically mean it's a good buy.
I checked the chart again today, and for now, I don't think the bottom is confirmed.
Price is still grinding lower, forming lower highs with sellers in control. There’s also no clear accumulation structure yet.
For me to become more confident that a bottom is forming, I’d want to see either:
• A sharp sweep below support followed by a strong recovery.
• A longer accumulation range where selling starts to weaken and buyers begin absorbing the supply.
The level I’m watching for a proper DCA is the $0.0290 - $0.0350 zone.
There’s still an unfilled Fair Value Gap in that area. If the current support around $0.0470 fails, I’d expect price to potentially move lower to clean up that zone.
However, if $0.0470 holds, I’ll be watching for a clean break above $0.0542. Reclaiming that level would weaken the current bearish structure and give a safer entry for a possible continuation.
Until then, I’d rather wait for confirmation than try to catch the bottom.
Always trade with proper risk management.
$BTR has a history of aggressive pumps and dumps, so it’s no surprise many traders are now watching it for a possible rebound.
But a big drop doesn't automatically mean it's a good buy.
I checked the chart again today, and for now, I don't think the bottom is confirmed.
Price is still grinding lower, forming lower highs with sellers in control. There’s also no clear accumulation structure yet.
For me to become more confident that a bottom is forming, I’d want to see either:
• A sharp sweep below support followed by a strong recovery.
• A longer accumulation range where selling starts to weaken and buyers begin absorbing the supply.
The level I’m watching for a proper DCA is the $0.0290 - $0.0350 zone.
There’s still an unfilled Fair Value Gap in that area. If the current support around $0.0470 fails, I’d expect price to potentially move lower to clean up that zone.
However, if $0.0470 holds, I’ll be watching for a clean break above $0.0542. Reclaiming that level would weaken the current bearish structure and give a safer entry for a possible continuation.
Until then, I’d rather wait for confirmation than try to catch the bottom.
Always trade with proper risk management.
