$BERA
SHORT ALERT: Bearish Momentum Accelerates 📉
The market structure for $BERA is turning increasingly heavy. After failing to maintain its recent recovery, the price is starting to print lower highs, suggesting that the path of least resistance is now to the downside.
With significant token unlocks on the horizon and a lack of fresh buying volume, sellers are currently in the driver's seat. Focusing on SHORT positions appears to be the high-probability play as we look to sweep lower liquidity levels.
The Trade Setup ⚡
If you're looking to capitalize on this breakdown, here are the key levels to watch:
Entry: Market Price (Current levels)
Target 1 (TP1) 🎯: $0.5682
Target 2 (TP2) 🎯: $0.5175
Stop Loss (SL) 🛑: $0.6410
Why This Setup?
Structure Shift: The rejection at higher levels has trapped late buyers, creating "forced" selling pressure.
Liquidity Targets: The targets align with previous consolidation bases where buyers failed to hold, making them natural magnets for the price.
Risk Management: The Stop Loss is placed above the recent local high to ensure the trade is invalidated if the bulls manage a surprise reversal.
Trader's Note: Always watch $BTC's movements, as a sudden market-wide bounce could temporarily invalidate bearish setups.
Nabiha Noor
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