$BR โ โBullBearโ Reversal, Bounce from the Floor?
Long $BR
โข Entry: 0.16180 โ 0.16375
โข Stop Loss: 0.15850
Targets:
โข TP1: 0.18500
โข TP2: 0.20500
BR is currently in a sharp correction phase (-23%), forming a clear descending staircase pattern โ a sign of strong selling pressure. Price is now hovering near the session low around 0.161, entering a potential liquidity grab zone.
This area often acts as a short-term floor, where panic selling can exhaust and trigger a relief bounce if buyers step in.
The setup focuses on a contrarian reversal play, targeting a reaction from current lows back toward key resistance zones.
If we see rejection wicks and stabilization at this level, a move toward 0.185 becomes likely, with potential continuation toward 0.205 if momentum builds.
The bullish bias remains valid as long as price holds above the 0.15850 invalidation level. A breakdown below this zone would signal continued downside.
โ ๏ธ This is a high-risk counter-trend setup โ wait for confirmation and manage risk strictly.
๐ฅ Are you catching the bounce or waiting for further downside?
Drop your view below ๐
Trade $BR here
#BRUSDT #CryptoTrading #BinanceSquare