Everyone's buying the dip on BR – here's why I just placed a SHORT instead.
$BR / USDT - SHORT
Trade Plan:
Entry: 0.14480 – 0.14500
SL: 0.14800
TP1: 0.14000
TP2: 0.13600
TP3: 0.13000
Why this setup?
On the 4H timeframe, price is trading below MA7 (0.14580) and struggling to hold above MA25 (0.14483) and MA99 (0.14513) – all three are now acting as a resistance cluster. Volume has collapsed compared to the 5-period average (136K vs 641K), confirming there is no real buying interest. The structure shows a series of lower highs, and with the 24h low at 0.1344 as the target, a breakdown toward 0.1400 and 0.1360 is the most logical outcome over the coming days.
Debate : Will BR hold 0.1448 and bounce, or break down to 0.1360?
Click here to Trade 👇
$BR / USDT - SHORT
Trade Plan:
Entry: 0.14480 – 0.14500
SL: 0.14800
TP1: 0.14000
TP2: 0.13600
TP3: 0.13000
Why this setup?
On the 4H timeframe, price is trading below MA7 (0.14580) and struggling to hold above MA25 (0.14483) and MA99 (0.14513) – all three are now acting as a resistance cluster. Volume has collapsed compared to the 5-period average (136K vs 641K), confirming there is no real buying interest. The structure shows a series of lower highs, and with the 24h low at 0.1344 as the target, a breakdown toward 0.1400 and 0.1360 is the most logical outcome over the coming days.
Debate : Will BR hold 0.1448 and bounce, or break down to 0.1360?
Click here to Trade 👇