๐ฅ Everyone, look at $BR โit hit a major rejection at 1.40 after a sharp pump, setting up a prime Short position!
Short Trade Position: #$BR Perp
Entry Zone: 1.22084 โ 1.26019
๐ฏ TP1: 1.10000
๐ฏ TP2: 1.00000
๐ฏ TP3: 0.95862
๐ Stop Loss (SL): 1.37633
๐ Why this Short position?
Rejection at Highs: After reaching a 24h high near 1.40172, price experienced an immediate sharp sell-off, leaving a long upper shadow and indicating heavy resistance.
Bearish Momentum: The 1-hour timeframe shows sellers taking control as the price dips back below key EMA levels and struggles to maintain lower highs.
Favorable Risk/Reward: Positioning an entry in the 1.22โ1.26 zone with a Stop Loss just above recent local highs offers a clear downside target toward major psychological support at 1.00000 and 0.95862.
Click here to Trade ๐๏ธ
Short Trade Position: #$BR Perp
Entry Zone: 1.22084 โ 1.26019
๐ฏ TP1: 1.10000
๐ฏ TP2: 1.00000
๐ฏ TP3: 0.95862
๐ Stop Loss (SL): 1.37633
๐ Why this Short position?
Rejection at Highs: After reaching a 24h high near 1.40172, price experienced an immediate sharp sell-off, leaving a long upper shadow and indicating heavy resistance.
Bearish Momentum: The 1-hour timeframe shows sellers taking control as the price dips back below key EMA levels and struggles to maintain lower highs.
Favorable Risk/Reward: Positioning an entry in the 1.22โ1.26 zone with a Stop Loss just above recent local highs offers a clear downside target toward major psychological support at 1.00000 and 0.95862.
Click here to Trade ๐๏ธ
