🛢️ $BZUSDT (Brent Oil) – Breakdown or Bounce? 📉
Brent is at 90.23 (-5.84%), below all key EMAs (7/25/99). MACD is bearish and RSI(6) is at 16, which is oversold.
Scenario 1: Short on breakdown 🔻
Entry: daily close below 88.38
Targets: 87.7, then 77.8
Stop-loss: above 92.5
Scenario 2: Relief bounce 🔼
Wait for a bullish confirmation candle near support
Target: 95.9, then 97.6
Stop-loss: below 87.5
Trend is bearish, but oversold RSI means a bounce can come first. Don't chase, wait for confirmation.
⚠️ Not financial advice. Use stop-loss, manage risk, DYOR.
#BZUSDT #BrentOil #Binance #Futures #TechnicalAnalysis
Brent is at 90.23 (-5.84%), below all key EMAs (7/25/99). MACD is bearish and RSI(6) is at 16, which is oversold.
Scenario 1: Short on breakdown 🔻
Entry: daily close below 88.38
Targets: 87.7, then 77.8
Stop-loss: above 92.5
Scenario 2: Relief bounce 🔼
Wait for a bullish confirmation candle near support
Target: 95.9, then 97.6
Stop-loss: below 87.5
Trend is bearish, but oversold RSI means a bounce can come first. Don't chase, wait for confirmation.
⚠️ Not financial advice. Use stop-loss, manage risk, DYOR.
#BZUSDT #BrentOil #Binance #Futures #TechnicalAnalysis