$BR Alert: Bearish Structure Intact – Short Opportunity! 📉🛑
The price action for $BR is showing clear signs of exhaustion. After a weak bounce, we are witnessing a series of lower highs on the 1-hour chart, confirming that sellers are still firmly in control of the trend.
Trade Strategy & Execution:
Bias: Bearish (Lower Highs Formation)
Leverage: Max 20x (Use strict risk management)
Entry Zone: 0.0565 – 0.0575
Targets (TP):
TP1: 0.0550 🎯
TP2: 0.0535 🎯
TP3: 0.0520 🚀
Stop Loss (SL): 0.0595 (Protect your capital above previous local resistance)
Market View:
The recent rejection near the 0.0600 level suggests that the buying momentum has dried up. As long as the price stays below the SL, we expect the downward trend to accelerate toward the support zones.
Risk Warning: Leverage trading is highly risky. Always manage your margin carefully and never trade more than you can afford to lose. DYOR!
Are you riding this move down or waiting for a deeper retrace? Let’s hear your take! 👇
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