$BR Update: Relief Bounce or Trend Reversal?
($BR) is currently showing signs of stabilization on the 1-hour chart, holding a price of 0.12869 after a significant pullback from the 0.15520 local high. The SuperTrend (10,3) remains bullish with a current support floor at 0.11278, while the RSI(6) at 52.72 indicates that the previous overbought conditions have cooled off.
🎯 Trade Setup
EP (Entry): 0.12450 – 0.12900
TP (Targets)
TP1: 0.13600
TP2: 0.14600
TP3: 0.15500
SL (Stop Loss): 0.11200
The immediate resistance to watch is 0.13618, where the price previously stalled during its recovery attempt. Strong structural support is established at the 0.11278 SuperTrend level, which must hold to prevent a flip back to a bearish narrative.
Do you think ($BR) will reclaim the 0.15 level this week, or is a retest of the SuperTrend support more likely?
Watching this level closely.
#BR #TechnicalAnalysis #cryptotrading #BinanceSquare #ALTCOINUPDATE
