🔥 $BREV
Market Outlook — Uptrend with Consolidation Signals
Trend & Structure
$BREV remains in a clear uptrend, initiated by a strong bullish engulfing candle at 0.1375, which marked the start of the current rally. Price action continues to print higher lows (0.1254 → 0.1348 → 0.1425), confirming sustained bullish structure.
Resistance & Price Behavior
The recent pause near 0.1486 resistance reflects natural profit-taking after an impulsive move rather than structural weakness. This behavior is typical in trending markets before continuation or range formation.
Volume Analysis
On the 4H timeframe, volume expanded sharply during the rally to 0.1486, reaching 77.6M, well above the 30–40M average, validating strong buyer participation. The last two candles show declining volume, indicating short-term consolidation instead of distribution.
Trade Plan — Long Setup
Entry Zone: 0.1445 – 0.1460, aligned with MA10 confluence and a previous resistance-turned-support area
Stop Loss: 0.1385, placed below key support and the most recent swing low
Targets: 0.150 – 0.153, corresponding to resistance extension levels
Risk Management Note
Trend remains favorable, but continuation ideally requires volume expansion on the next push higher. Maintain disciplined position sizing and avoid chasing price near resistance.