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$BERA is showing a potential technical setup!
BERA is developing a macro bottoming structure on the weekly timeframe, attempting to reverse a prolonged downtrend toward upper resistance zones.
📈 The Technical Setup:
• The Pattern: Descending trendline breakout with potential reversal base
• Short-term Target: 2.4000 USDT to 2.6000 USDT resistance zone
• Macro Objective: 2.8000 USDT
• Market Structure: Reversal and potential breakout setup
🎯 Key Levels to Watch:
• Support / Accumulation Zone: 0.2000 - 0.2626 USDT
• Resistance: 2.4000 - 2.6000 USDT
• Breakout Level: 1.0000 - 1.2000 USDT trendline intersection
• Stop Loss / Invalidation: Below 0.2000 USDT swing low
📊 Confirmation:
• Volume: Neutral/standard volume
• Momentum: Early signs of bullish momentum following a prolonged downtrend
• Trend: Macro downtrend attempting a bottoming reversal structure
⚠️ Invalidation:
A weekly close below the 0.2000 USDT support level invalidates the bullish reversal structure.
BERA is forming a potential macro bottoming structure with a projected path toward higher resistance zones if key trendlines are cleared.
💎 Creator: NOUMAN_DON (@NOUMAN_DON)
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