🚨
$BERA A Tactical Short Setup (1H) 🚨
$BERA just went PARABOLIC 🔥 +40% in 24h (0.7299 → 1.0247) — but signs of momentum exhaustion are flashing ⚠️
📉 Why Short?
• Potential shooting star at resistance (1.0247)
• Declining volume on recent pushes = buyer fatigue
• Weak acceptance above $1.00 psychological level
• Smart money taking profits → Contracts net outflow -14.25M USDT (24h)
• Spot outflow -984K USDT = retail selling into strength
🎯 Short Plan (Counter-Trend Play)
• Entry: 0.992 – 1.005
• Ideal entry: Rejection at 1.020 – 1.025
• Stop Loss: 1.035 – 1.040 (tight 3.5%)
• Targets: 0.865 – 0.835 (12–16% downside)
🔁 Alternative Bullish Play:
Wait for pullback to 0.865 – 0.835 support → look for long with confirmation 📈
High risk, high reward trade smart, not emotional
#BER #BERAUSDT #Berachain