$BR Perp — 1H 👀
BR just rejected $1.08 hard… but is this pullback setting up the next clean move?
The bigger structure is still bullish, with prices holding above the Supertrend at $0.8660. But the latest candle shows a clear rejection from $1.0791, and the order book is heavily ask-heavy at 90.71% asks vs 9.29% bids.
Key levels:
• Resistance: $1.00 → $1.0791 → $1.10
• Support: $0.9134 → $0.8660 → $0.8194
Cleaner short setup:
🔴 Entry: $0.975–$1.00 on rejection
🛑 SL: $1.04
🎯 TP1: $0.913
🎯 TP2: $0.88
🎯 TP3: $0.866
I’d avoid chasing either side here. The key is whether $0.913 holds on the pullback.
If BR reclaims $1.00 and holds it, the short idea weakens and a retest of $1.079 comes back into focus.
Also worth noting: BR is an early-stage asset and has been showing unusually large price swings recently.
Bias: short-term cautious below $1.00, broader structure bullish above $0.866.
#br
BR just rejected $1.08 hard… but is this pullback setting up the next clean move?
The bigger structure is still bullish, with prices holding above the Supertrend at $0.8660. But the latest candle shows a clear rejection from $1.0791, and the order book is heavily ask-heavy at 90.71% asks vs 9.29% bids.
Key levels:
• Resistance: $1.00 → $1.0791 → $1.10
• Support: $0.9134 → $0.8660 → $0.8194
Cleaner short setup:
🔴 Entry: $0.975–$1.00 on rejection
🛑 SL: $1.04
🎯 TP1: $0.913
🎯 TP2: $0.88
🎯 TP3: $0.866
I’d avoid chasing either side here. The key is whether $0.913 holds on the pullback.
If BR reclaims $1.00 and holds it, the short idea weakens and a retest of $1.079 comes back into focus.
Also worth noting: BR is an early-stage asset and has been showing unusually large price swings recently.
Bias: short-term cautious below $1.00, broader structure bullish above $0.866.
#br
