$BERA โ ๏ธ BERA Topping Out? Bearish M Pattern Signals Downside Risk ๐ป
BERA is forming a classic bearish M pattern on the chart โ a double-top structure that often signals trend exhaustion and potential reversal. After a strong upward move, price has failed twice near a similar resistance zone, showing that buyers are losing strength while sellers step in with conviction. This type of formation typically reflects distribution, not healthy consolidation. ๐โก
๐ What confirms the breakdown?
A decisive move below the neckline support (the base between the two peaks) โ especially with increasing sell volume โ confirms bearish continuation. Continued rejection from resistance and lower highs further strengthen the downside case. โก๐งฑ
๐ Trader structure & mindset:
Breakdown traders wait for neckline confirmation
Conservative traders look for volume expansion on the drop
Risk management often places invalidation just above the second peak
Downside targets are commonly projected using the height of the M pattern, offering a clear and structured risk-to-reward setup for bearish positioning. ๐ฏ๐
๐ฅ Market context matters.
If broader sentiment weakens or liquidity rotates into stronger assets, M patterns often resolve with sharp downside acceleration. When technical exhaustion aligns with fading momentum, sellers tend to press aggressively. ๐ป๐ฅ
โ ๏ธ Bottom line:
BERAโs structure currently favors sellers while the M pattern remains valid. This doesnโt guarantee an immediate collapse, but probabilities tilt toward further downside unless bulls reclaim resistance decisively. Watch the neckline closely and let confirmation guide decisions.
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Smart traders respect structure โ and right now, BERAโs bearish M pattern signals caution ahead. โ ๏ธ๐
