Technical Setup: $BR Bearish Rejection
The recent relief bounce is hitting a brick wall. We are seeing a classic SFP (Swing Failure Pattern) near key resistance. While buyers attempted a recovery, the lack of follow-through and the shift toward choppy, distributive price action suggests the momentum is exhausted.
As long as we hold below the local high, the path of least resistance remains downward.
The Execution Strategy
Bias: Bearish (Short)
Leverage: Max 10x
Entry Zone: 0.142 – 0.150 (Scaling in on rallies)
Invalidation (SL): 0.160 (Daily candle close above)
Profit Targets
Target 1: 0.130 (Immediate liquidity)
Target 2: 0.118 (Structural support)
Target 3: 0.105 (Final extension)
Pro Tip: Watch for a volume spike on the breakdown as confirmation that sellers have fully regained control. If the 0.142 level flips back to support, exit early.
Trade $BR here 👇#Binance #Write2Earn