I’ve watched too many vertical candles turn into exit liquidity, so I’m not chasing this BRUSDT pump blindly. Price ripped from 0.292 to 0.492, then immediately started printing lower highs. That rejection wick at the top tells me buyers overextended, and now we’re sitting at 0.416.
The key level is the 15m MA7 near 0.440. As long as price stays below that, the immediate momentum favors sellers fading this bounce.
Wait for a clear rejection or a lower-high retest around 0.425–0.435. Only enter short after a bearish confirmation candle closes below 0.415.
Entry: 0.415–0.425
SL: 0.445 (above the MA7 and recent rejection)
TP1: 0.395
TP2: 0.375
Invalidation: A strong 15m close back above 0.440 cancels the bearish thesis.
I learned the hard way that a bounce is not a reversal. If this setup fails, I accept it and move on. Would you take this short, or wait for 0.44 to reclaim?
@BR #BR $BREV
The key level is the 15m MA7 near 0.440. As long as price stays below that, the immediate momentum favors sellers fading this bounce.
Wait for a clear rejection or a lower-high retest around 0.425–0.435. Only enter short after a bearish confirmation candle closes below 0.415.
Entry: 0.415–0.425
SL: 0.445 (above the MA7 and recent rejection)
TP1: 0.395
TP2: 0.375
Invalidation: A strong 15m close back above 0.440 cancels the bearish thesis.
I learned the hard way that a bounce is not a reversal. If this setup fails, I accept it and move on. Would you take this short, or wait for 0.44 to reclaim?
@BR #BR $BREV