$BR - Potential Double Bottom in Play? 👀*
After -14% dump today, BRUSDT is trying to form a double bottom at *0.88504 (24H Low)*
*Chart Structure:*
Price: 0.89431 -> Bouncing from the low
MA(7): 0.89690 - Immediate resistance
MA(25): 0.90386 - My breakeven / Key breakout
MA(99): 0.91359 - Trend change level
*What I’m watching:*
*Bullish Case:* If BR holds above 0.8840 and breaks 0.89895 neckline with volume, we can see:
TP1: 0.9086 (entry)
TP2: 0.93
TP3: 0.9848 (Measured move: 0.88504 to 0.93496 = +0.049)
*Bearish Case:* Close below 0.8840 = Pattern FAIL. Next stop 0.86 - 0.842 (my liquidation)
*Longs Data:* 57% Longs now (was 61% earlier) - weak longs flushed, short squeeze possible around US open (9 PM PKT).
Not financial advice. Managing risk with SL at 0.8840. Holding 1748 BR with avg 0.9086.
#BRUSDT #crypto #Futures #DoubleBottom
After -14% dump today, BRUSDT is trying to form a double bottom at *0.88504 (24H Low)*
*Chart Structure:*
Price: 0.89431 -> Bouncing from the low
MA(7): 0.89690 - Immediate resistance
MA(25): 0.90386 - My breakeven / Key breakout
MA(99): 0.91359 - Trend change level
*What I’m watching:*
*Bullish Case:* If BR holds above 0.8840 and breaks 0.89895 neckline with volume, we can see:
TP1: 0.9086 (entry)
TP2: 0.93
TP3: 0.9848 (Measured move: 0.88504 to 0.93496 = +0.049)
*Bearish Case:* Close below 0.8840 = Pattern FAIL. Next stop 0.86 - 0.842 (my liquidation)
*Longs Data:* 57% Longs now (was 61% earlier) - weak longs flushed, short squeeze possible around US open (9 PM PKT).
Not financial advice. Managing risk with SL at 0.8840. Holding 1748 BR with avg 0.9086.
#BRUSDT #crypto #Futures #DoubleBottom