That classic "mountain" pattern on the charts—what goes up must come down, right? 🎢
Looking at this $BERA action, we’re seeing a textbook example of high-volatility trading. If you’re watching this unfold, here’s the breakdown of what just happened:
🚀 The "Moon" Phase
The green arrow highlights a massive vertical rally, likely driven by hype or a major liquidity event. Breaking past that $1.00 psychological barrier is usually a huge signal, but notice that long "wick" (the thin line) at the top? That suggests the price touched $1.50+ and was immediately rejected as sellers flooded in.
📉 The Cool-Off
The red arrow shows the inevitable correction. After such a parabolic move, early buyers take their profits, leading to the "dump" or retracement we see now.
🎯 Where We Are Now
The price is currently hovering around $0.901.
The Support Check: We’re looking to see if the price can stay above the previous breakout levels (around $0.60 - $0.80).
The Consolidation: The red circle shows the price flattening out. This is where the "tug-of-war" happens between the bulls and the bears to decide the next move.
Trading Tip: Vertical climbs are exciting, but they are rarely sustainable. Always watch the Volume bars at the bottom—if the price is dropping and volume is low, it might just be a healthy "breather." If volume is high during a drop, it's time to be cautious.
