📉 BR — DOWNTREND CONTINUATION & MOVING AVERAGE REJECTION! 🔻
$BR (Bedrock) is trading lower at 0.49121 (-5.35%, or roughly Rs136.06), moving within a 24-hour range between a high of 0.53768 and a low of 0.46863. Price action on this 4-hour chart displays a sharp downside continuation following a rejected relief bounce, currently trading beneath the fast MA(7) (0.49886) and MA(25) (0.52746), while remaining suppressed far below the macro structural MA(99) (0.69508) band.
📊 QUICK TRADE PLAN — 4H
🔴 SHORT ENTRY: 0.5050–0.5300 (on relief bounces or retests toward the moving average resistance zone)
🛑 STOP LOSS: 0.5550
🎯 TP1: 0.4400
🎯 TP2: 0.3950
Are you shorting this Bedrock breakdown lower, or waiting for a structural reversal sign near support? Let's discuss below! 👇
👉 Trade: $BR
#BR #Bedrock #cryptotrading #BinanceSquare #bearish
$BR (Bedrock) is trading lower at 0.49121 (-5.35%, or roughly Rs136.06), moving within a 24-hour range between a high of 0.53768 and a low of 0.46863. Price action on this 4-hour chart displays a sharp downside continuation following a rejected relief bounce, currently trading beneath the fast MA(7) (0.49886) and MA(25) (0.52746), while remaining suppressed far below the macro structural MA(99) (0.69508) band.
📊 QUICK TRADE PLAN — 4H
🔴 SHORT ENTRY: 0.5050–0.5300 (on relief bounces or retests toward the moving average resistance zone)
🛑 STOP LOSS: 0.5550
🎯 TP1: 0.4400
🎯 TP2: 0.3950
Are you shorting this Bedrock breakdown lower, or waiting for a structural reversal sign near support? Let's discuss below! 👇
👉 Trade: $BR
#BR #Bedrock #cryptotrading #BinanceSquare #bearish