Real opportunities often emerge after the market settles. The four-hour structure for $BR remains below the moving averages, and the bearish alignment is intact. Bitcoin is dragging major coins lower, and the overall sentiment remains bearish. The one-hour chart is bearish as well, with sellers still in control of volume. The rebound looks more like an opportunity to position for a short. I’m watching for signs of stalling after the price reaches the entry zone. If it meets resistance near the top of the range, that’s an opportunity to short with the trend.
The take-profit levels below correspond to previous high-volume areas, so taking profits in stages is the safer approach. Place the stop-loss above the structural high; if it breaks, accept that the trade was wrong. The logic behind this trade is straightforward. The hard part is waiting for the price to come to you.
🔴 Trade direction: Short
📍 Entry range: 0.4254964 – 0.4281982
🛑 Stop-loss: 0.4524224
🎯 Take-profit 1: 0.4076660
🎯 Take-profit 2: 0.3948784
🎯 Take-profit 3: 0.3756970
Take in the vastness of mountains and seas; observe the market’s every detail.
Trade alongside Uncle Xiong and witness the ebb and flow of gains and losses.
#BR
Click below to trade 👇
The take-profit levels below correspond to previous high-volume areas, so taking profits in stages is the safer approach. Place the stop-loss above the structural high; if it breaks, accept that the trade was wrong. The logic behind this trade is straightforward. The hard part is waiting for the price to come to you.
🔴 Trade direction: Short
📍 Entry range: 0.4254964 – 0.4281982
🛑 Stop-loss: 0.4524224
🎯 Take-profit 1: 0.4076660
🎯 Take-profit 2: 0.3948784
🎯 Take-profit 3: 0.3756970
Take in the vastness of mountains and seas; observe the market’s every detail.
Trade alongside Uncle Xiong and witness the ebb and flow of gains and losses.
#BR
Click below to trade 👇