BR looks tired.
This thing ran to 0.55 a couple days ago and then just gave it back.
That is not a healthy pullback. That is a dump.
Price is sitting around the 0.21 area now.
People will call this a discount. I am not so sure.
Two problems.
First, the move already happened.
The easy money was the squeeze into 0.50. That candle is gone.
Second, there is a token unlock coming on Sep 20.
Team plus seed. Not a small one.
Markets usually do not wait until the exact date to sell that.
I am not buying the first bounce just because it is green for an hour.
If 0.21 fails, this can slip fast.
If it reclaims 0.25 and holds, then we talk.
Until then this is a watchlist, not a chase.
NFA. Size small.
Trade setup
Bias: no chase. Wait. Unlock is Sep 20.
Key levels
Support: 0.210 – 0.205
Next support: 0.180
Resistance: 0.250
Then: 0.320 / 0.380
Supply: 0.430 – 0.550
Long only if it proves it
Trigger: hold 0.210 and reclaim 0.250
Entry: 0.248 – 0.255 on hold
Invalidation: close back under 0.205
TP1: 0.320
TP2: 0.380
Do not long 0.21 just because it “looks cheap.” Cheap can get cheaper into an unlock.
Bounce fade
Zone: 0.320 – 0.380
Invalidation: close above 0.430
TP1: 0.270
TP2: 0.220
This only works if volume dies on the bounce. If it rips through 0.38 with volume, stand down.
If 0.205 breaks
Then 0.180 is the next level. Do not average down.
Simple rule
0.21 hold + 0.25 reclaim = possible long
0.32–0.38 weak bounce = fade
No plan into Sep 20 unlock = sit out
Risk 1% or less. This chart already showed it can drop 50% in a day.
$BR
This thing ran to 0.55 a couple days ago and then just gave it back.
That is not a healthy pullback. That is a dump.
Price is sitting around the 0.21 area now.
People will call this a discount. I am not so sure.
Two problems.
First, the move already happened.
The easy money was the squeeze into 0.50. That candle is gone.
Second, there is a token unlock coming on Sep 20.
Team plus seed. Not a small one.
Markets usually do not wait until the exact date to sell that.
I am not buying the first bounce just because it is green for an hour.
If 0.21 fails, this can slip fast.
If it reclaims 0.25 and holds, then we talk.
Until then this is a watchlist, not a chase.
NFA. Size small.
Trade setup
Bias: no chase. Wait. Unlock is Sep 20.
Key levels
Support: 0.210 – 0.205
Next support: 0.180
Resistance: 0.250
Then: 0.320 / 0.380
Supply: 0.430 – 0.550
Long only if it proves it
Trigger: hold 0.210 and reclaim 0.250
Entry: 0.248 – 0.255 on hold
Invalidation: close back under 0.205
TP1: 0.320
TP2: 0.380
Do not long 0.21 just because it “looks cheap.” Cheap can get cheaper into an unlock.
Bounce fade
Zone: 0.320 – 0.380
Invalidation: close above 0.430
TP1: 0.270
TP2: 0.220
This only works if volume dies on the bounce. If it rips through 0.38 with volume, stand down.
If 0.205 breaks
Then 0.180 is the next level. Do not average down.
Simple rule
0.21 hold + 0.25 reclaim = possible long
0.32–0.38 weak bounce = fade
No plan into Sep 20 unlock = sit out
Risk 1% or less. This chart already showed it can drop 50% in a day.
$BR