Everyone's asking how high BR goes. Almost nobody's asking where they'd get liquidated.
BR perp at $0.6145, +130.28%, 445M volume, open interest 61.5M contracts.
Resistance $0.6400 then $0.6990
Support $0.2921 then $0.2061, deeper $0.1861
7d range $0.2061 to $0.6400, 20D avg $0.2921, price above
Funding 0.0502%, longs are paying heavily to stay in. Crowded side pays, and crowded sides get flushed.
Those are levels the chart has reacted to before, nothing more. Whether $0.2921 holds again is not something anybody can promise you, and anyone who does is selling something.
Now the part nobody says out loud. This already moved +130.28%. If you fomo into leverage off a post like this and it turns, that's your position, your size, your liquidation. I'm drawing a map, I'm not driving your car.
Where's your invalidation?
Levels off a public chart, shared as a personal view. Not a recommendation, not a signal, not an offer to trade. Do your own research. Anyone acting on this carries their own risk entirely.
#BR #Futures
BR perp at $0.6145, +130.28%, 445M volume, open interest 61.5M contracts.
Resistance $0.6400 then $0.6990
Support $0.2921 then $0.2061, deeper $0.1861
7d range $0.2061 to $0.6400, 20D avg $0.2921, price above
Funding 0.0502%, longs are paying heavily to stay in. Crowded side pays, and crowded sides get flushed.
Those are levels the chart has reacted to before, nothing more. Whether $0.2921 holds again is not something anybody can promise you, and anyone who does is selling something.
Now the part nobody says out loud. This already moved +130.28%. If you fomo into leverage off a post like this and it turns, that's your position, your size, your liquidation. I'm drawing a map, I'm not driving your car.
Where's your invalidation?
Levels off a public chart, shared as a personal view. Not a recommendation, not a signal, not an offer to trade. Do your own research. Anyone acting on this carries their own risk entirely.
#BR #Futures