$BR — Accumulation Near Support, Gearing Up for a Bounce
Trading Plan: Long $BR
Entry Range: 0.10850 – 0.11220
Stop Loss (SL): 0.10150
Take Profit (TP 1): 0.11850
Take Profit (TP 2): 0.12400
Take Profit (TP 3): 0.12992
Market Analysis:
After a significant correction from its recent peak, $BR is currently showing signs of price stabilization around the 0.10311 support level. The 4-hour chart indicates that the heavy selling pressure has exhausted, and the price is now carving out a "base" for its next move.
The RSI(6) is sitting at a relatively low 32.36, suggesting the asset is nearing oversold territory, which historically precedes a relief rally. While the SuperTrend is still red, the narrowing MACD histogram suggests a potential bullish crossover is on the horizon. The depth chart also shows significant buy interest building up at lower levels. If the support holds, we expect a push toward the 0.1300 mark as liquidity flows back into early-stage projects.
Trade $BR here 👇
