$BR just dumped minus 4 percent with rising volume. The structure is bearish. Lower highs, lower lows. No reversal candles, no absorption.
Price sliced through 0.5545 and is struggling above 0.494. If we lose this level, the next stop is 0.393.
I am not catching this falling knife. I am waiting for a weak bounce into 0.60–0.62 or a failed retest of 0.5545 to open a short.
Downside targets: 0.494, then 0.393. Stop loss above 0.627. Invalidation at 0.7449. Keep it simple.
Price sliced through 0.5545 and is struggling above 0.494. If we lose this level, the next stop is 0.393.
I am not catching this falling knife. I am waiting for a weak bounce into 0.60–0.62 or a failed retest of 0.5545 to open a short.
Downside targets: 0.494, then 0.393. Stop loss above 0.627. Invalidation at 0.7449. Keep it simple.