$BR The volatility window has opened, and this small-cap coin beyond BTC is testing the bearish thesis on the four-hour chart. Price continues to hold below EMA50 and EMA200, with no signs of a reversal on the one-hour chart either. The moving averages are in a classic bearish alignment. RSI is hovering around 37, sellers have the upper hand, and each rebound is weaker than the last.
The breakdown level near 0.427 is the make-or-break line for this short trade. As long as price doesn't reclaim it, there's still room to fall. I favor following the trend when rebounds lose steam rather than trying to call the bottom.
🔴 Trade direction: Short
📍 Entry range: 0.4237170 – 0.4272314
🛑 Stop loss: 0.4574319
🎯 Take profit 1: 0.4015059
🎯 Take profit 2: 0.3855272
🎯 Take profit 3: 0.3615590
Behold the vastness of mountains and seas; observe the market's subtle shifts.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#BR
Click below to trade 👇
The breakdown level near 0.427 is the make-or-break line for this short trade. As long as price doesn't reclaim it, there's still room to fall. I favor following the trend when rebounds lose steam rather than trying to call the bottom.
🔴 Trade direction: Short
📍 Entry range: 0.4237170 – 0.4272314
🛑 Stop loss: 0.4574319
🎯 Take profit 1: 0.4015059
🎯 Take profit 2: 0.3855272
🎯 Take profit 3: 0.3615590
Behold the vastness of mountains and seas; observe the market's subtle shifts.
Trade alongside Uncle Xiong and witness the gains and losses of the world.
#BR
Click below to trade 👇