$BR 5 minutes +3.31%, current price 0.5479. Two possible scenarios from here:
① If it retests and holds above the breakout level → the move higher is likely to continue, with the 24h high of 0.574 as the first target
② If it falls back below the breakout level → this was probably just a brief spike; don’t get attached to the trade
I’ll be watching how the first retest plays out. Do you agree with this read?
#BR
Not a recommendation. Make your own trading decisions.
① If it retests and holds above the breakout level → the move higher is likely to continue, with the 24h high of 0.574 as the first target
② If it falls back below the breakout level → this was probably just a brief spike; don’t get attached to the trade
I’ll be watching how the first retest plays out. Do you agree with this read?
#BR
Not a recommendation. Make your own trading decisions.