$BR is bleeding hard after the explosive rally, and the daily chart is now showing a clear sequence of lower highs and lower lows. Price has fallen to around $0.46, with sellers still firmly in control after the rejection from the $1+ region.
I would not try to catch this falling knife yet. The current structure favors further downside unless BR can reclaim a meaningful resistance zone and start building a higher low. For now, every weak bounce can potentially become another rejection point.
SHORT: $BR
Entry: $0.50–$0.55 after bearish rejection
TP1: $0.42
TP2: $0.35
TP3: $0.30
SL: $0.61
Risk: Keep it around 1–2% of trading capital. This is a highly volatile setup, so avoid excessive leverage.
#EthereumValidatorExitQueueJumps392%
#SECHaltsCryptoETFReviewsAmidFundingLapse
#FedOctoberRateHikeOddsFallTo17%
I would not try to catch this falling knife yet. The current structure favors further downside unless BR can reclaim a meaningful resistance zone and start building a higher low. For now, every weak bounce can potentially become another rejection point.
SHORT: $BR
Entry: $0.50–$0.55 after bearish rejection
TP1: $0.42
TP2: $0.35
TP3: $0.30
SL: $0.61
Risk: Keep it around 1–2% of trading capital. This is a highly volatile setup, so avoid excessive leverage.
#EthereumValidatorExitQueueJumps392%
#SECHaltsCryptoETFReviewsAmidFundingLapse
#FedOctoberRateHikeOddsFallTo17%
