Many people are still waiting for it to keep grinding out a bottom, but the market has already made its choice of direction in the clearest way possible.
BR surged straight to 0.586 with a single long bullish candle, not only breaking out of its previous consolidation range but also smashing through every resistance level overhead.
The prolonged pain at the bottom shakes out those who can’t hold on. A decisive breakout of this magnitude shows that buyers have no intention of giving people a chance to get in comfortably at lower prices. The uptrend is now underway.
Don’t rush to call a top just because you see a long bullish candle. With resistance now beneath its feet, any short-term pullback could instead be a dip-buying opportunity served up on a plate.
#BR
👇
BR surged straight to 0.586 with a single long bullish candle, not only breaking out of its previous consolidation range but also smashing through every resistance level overhead.
The prolonged pain at the bottom shakes out those who can’t hold on. A decisive breakout of this magnitude shows that buyers have no intention of giving people a chance to get in comfortably at lower prices. The uptrend is now underway.
Don’t rush to call a top just because you see a long bullish candle. With resistance now beneath its feet, any short-term pullback could instead be a dip-buying opportunity served up on a plate.
#BR
👇
