I'M WATCHING A BIG SHORT ON $BR .
EP: $0.4450 – $0.4470
TP: $0.43479
SL: $0.45198
BR remains in a clear bearish structure on the 1H timeframe, printing lower highs and lower lows. A sharp sell-off pushed price down to $0.43479, followed by a weak recovery and sideways consolidation around $0.4450, suggesting buyers are struggling to regain control.
The $0.45198 area is the key resistance. If sellers defend this zone, another move toward $0.43479 becomes likely. A breakdown below $0.43479 could signal further downside, although no lower target is confirmed on this chart.
The short setup remains valid while price stays below $0.45198; a sustained 1H breakout above this level invalidates the bearish bias.
Sellers have the edge. Stay disciplined and wait for confirmation.
EP: $0.4450 – $0.4470
TP: $0.43479
SL: $0.45198
BR remains in a clear bearish structure on the 1H timeframe, printing lower highs and lower lows. A sharp sell-off pushed price down to $0.43479, followed by a weak recovery and sideways consolidation around $0.4450, suggesting buyers are struggling to regain control.
The $0.45198 area is the key resistance. If sellers defend this zone, another move toward $0.43479 becomes likely. A breakdown below $0.43479 could signal further downside, although no lower target is confirmed on this chart.
The short setup remains valid while price stays below $0.45198; a sustained 1H breakout above this level invalidates the bearish bias.
Sellers have the edge. Stay disciplined and wait for confirmation.
