$BERA
BERA Alert: Entering the Bounce Zone? Support or Breakdown? 📉📉
Post Content:
Traders, pay close attention to BERA! The price has been in a persistent downtrend, but we are reaching a critical level where the bulls might finally push back. Here is why this setup is on my watchlist:
The Technical Breakdown:
RSI Check: The RSI(10) is currently at 33.81, approaching the "Oversold" threshold of 30. This suggests the selling pressure is reaching an extreme and a technical correction upward is highly probable.
Support Test: BERA found support at $0.672 and is currently trading around $0.680. Defending this 24-hour low is crucial for any potential recovery.
Bollinger Bands: Price is currently between the lower band ($0.658) and the middle band ($0.698). A break above the middle band would confirm a short-term trend reversal.
Momentum: The price remains below the SAR(0.02, 0.2) level of $0.690, meaning the bears still have control for now, but the gap is closing.
🎯 Potential Trade Strategy (Scalp):
Safe Entry Zone: $0.675 - $0.682
Target 1: $0.698 (Retest of Middle Bollinger Band)
Target 2: $0.713 (Next Resistance level)
Target 3: $0.740 (Previous consolidation peak)
Stop Loss: Below $0.665 (Strictly follow to manage risk)
Important: Market sentiment for BERA is currently under pressure with a -6.98% daily drop. Only enter if you see a strong green rejection candle from the $0.672 support! 🕯️📈
What’s your plan? Are you buying this dip or waiting for $0.60? Let me know below! 👇
#BERA #TradingSignals #CryptoAnalysis #BinanceSquare #Layer1 #BuyTheDip