$BR is getting heavy, but don't rush the short đ
So here's what happened with BR today.
It pumped up to 0.574 and everyone got excited. But the bigger picture never changed. On the 4H chart, price is still sitting under the big trend line, so that pump was just a bounce in a downtrend.
Then the 15M chart cracked. One fast red move, and the whole range floor was gone.
Right now price is around 0.509 and already pretty tired. Chasing a short here is how you get squeezed đ A small bounce is more likely first.
So the plan is simple: wait for the bounce and see if sellers show up at the old floor.
đŻ **Entry:** 0.5148 to 0.5178 (limit order, only if price comes back)
đ **Stop:** 0.5275
â **TP1:** 0.5030
â **TP2:** 0.4873
â **TP3:** 0.4807
If price never comes back up, no trade. That's totally fine.
And if a 15M candle closes above 0.5225 with strong volume, the idea is dead. Cancel it and move on.
Confidence is moderate, so keep your size small and always use your stop. đ
Trade here
Also go short$QNT and $KITE
So here's what happened with BR today.
It pumped up to 0.574 and everyone got excited. But the bigger picture never changed. On the 4H chart, price is still sitting under the big trend line, so that pump was just a bounce in a downtrend.
Then the 15M chart cracked. One fast red move, and the whole range floor was gone.
Right now price is around 0.509 and already pretty tired. Chasing a short here is how you get squeezed đ A small bounce is more likely first.
So the plan is simple: wait for the bounce and see if sellers show up at the old floor.
đŻ **Entry:** 0.5148 to 0.5178 (limit order, only if price comes back)
đ **Stop:** 0.5275
â **TP1:** 0.5030
â **TP2:** 0.4873
â **TP3:** 0.4807
If price never comes back up, no trade. That's totally fine.
And if a 15M candle closes above 0.5225 with strong volume, the idea is dead. Cancel it and move on.
Confidence is moderate, so keep your size small and always use your stop. đ
Trade here
Also go short$QNT and $KITE