$BERA Ideal Short Entry Zone: 0.740 - 0.755
This zone aligns with former support (now resistance) and the falling EMA(7) and EMA(25) on the 1H/4H charts. A rejection from this area would offer a better risk-reward ratio.
· Stop Loss : Above 0.770 (the 24h high and a strong resistance).
· Take Profit Targets :
· TP1: 0.713 (Immediate 24h low)
· TP2: 0.690 - 0.700 (Next psychological and structural support if 0.713 breaks).
Secondary Scenario: Speculative Long for a Bounce
This is a higher-risk, counter-trend play suitable only for agile traders.🟢
· Direction: LONG (Aggressive)
· Entry Zone: 0.713 - 0.718 (At or near the 24h low support).
· Stop Loss: Below 0.710 (A clear break of support invalidates the bounce thesis).
· Take Profit Target: 0.740 - 0.750 (Targeting the first cluster of EMA resistance and previous support).
Critical Levels to Watch
· Resistance: 0.740 → 0.755 → 0.770
· Support: 0.713 (KEY) → 0.690
Conclusion and Risk Warning
The dominant trend is DOWN. The safest strategy is to wait for a pullback into resistance to enter a short position. The potential long bounce is a risky, short-term trade.
