$BERA : Demand return. Long from the confirmed zone.
The market has made a deep correction but encountered buyers exactly where the previous base was formed. The reversal from $0.51 is accompanied by a confident bullish candle — this is not a local bounce, but a technical confirmation of a change in initiative.
On the hourly chart, the price has restored EMA(7) and is testing EMA(25) from top to bottom. RSI(6) has broken the 50 level and continues to rise, exiting the oversold zone without slowing down. A structure of higher lows is forming — the first sign of the sustainability of the upward momentum.
The current price zone of $0.78 – $0.80 coincides with the Fibonacci level 0.382 of the entire downward movement and the previous area of consolidation.
Entry: 0.78 – 0.80
Targets:
TP1: 0.90
TP2: 1.00
TP3: 1.15
Stop-loss: 0.69
Breaking the level of 0.69 will break the reversal structure and indicate a continuation of the downward correction.
A bottom becomes a bottom only when it is pushed off with volume.
What do you consider a more reliable reversal signal after a deep fall — an engulfing bullish candle or a return of the moving average?
