📈 BR Crashed 73%, Then Bounced 78% in a Day. Bottom or Bait?
$1.40 to $0.38.
Then $0.38 to $0.67 in a single day.
Now $0.56.
A month of pain, erased in an afternoon.
But know the script. 👀
Panic dumps end in a selling climax.
The first bounce after it, the automatic rally, almost always overshoots.
The real verdict comes on the retest.
Buyers defend the lows again? Base.
They don't? That wasn't the bottom.
And the fundamentals aren't doing the lifting.
About $75K in protocol revenue for Q3, per DeFiLlama.
Only ~29% of supply circulating.
Pure speculation, and speculation cuts both ways.
The levels.
Hold $0.50, and it can range under the $0.70 to $0.79 supply.
Lose it, and $0.38 to $0.45 gets retested.
Reclaim $0.79, and the bounce becomes a real recovery.
Bounces this big feel like bottoms. Make the retest prove it.
Real bottom, or a bounce to sell into? 🔥
Not financial advice.
$BR
$NMR
$ORCA
$1.40 to $0.38.
Then $0.38 to $0.67 in a single day.
Now $0.56.
A month of pain, erased in an afternoon.
But know the script. 👀
Panic dumps end in a selling climax.
The first bounce after it, the automatic rally, almost always overshoots.
The real verdict comes on the retest.
Buyers defend the lows again? Base.
They don't? That wasn't the bottom.
And the fundamentals aren't doing the lifting.
About $75K in protocol revenue for Q3, per DeFiLlama.
Only ~29% of supply circulating.
Pure speculation, and speculation cuts both ways.
The levels.
Hold $0.50, and it can range under the $0.70 to $0.79 supply.
Lose it, and $0.38 to $0.45 gets retested.
Reclaim $0.79, and the bounce becomes a real recovery.
Bounces this big feel like bottoms. Make the retest prove it.
Real bottom, or a bounce to sell into? 🔥
Not financial advice.
$BR
$NMR
$ORCA