$BREV at a Critical Crossroad: Is the Dip a Gift or a Trap 🪤.
→ If you’ve been watching the charts today, you’ve seen BREV taking a breather after its explosive performance earlier this week. We are currently seeing a -21% correction, trading around the $0.40 mark.
→ For the uninitiated, Brevis isn't just another "hype" coin. It’s a ZK-Coprocessor powerhouse that’s actually solving scalability issues for dApps.
→ 🔍 Technical Breakdown:
1. The Flush: We just saw a sharp rejection from the $0.48 local high. This is healthy; early airdrop hunters and "paper hands" are exiting, clearing the way for a stronger base.
2. Support Zone: The price is currently hovering near $0.3941. If you look at the order book, there’s significant bidding interest around this level.
3. Momentum: The selling pressure is starting to flatline on the 15m chart. We’re seeing "doji" candles forming, which usually signals that the bears are getting tired.
→💡 My Trade Setup:
1. The "Long" Opportunity 💚 (High Probability):
• Entry: Between $0.38 – $0.40.
• Target 1: $0.45 (Quick scalp)
• Target 2: $0.52 (Trend continuation)
• Stop Loss: Below $0.36.
Why? The project fundamentals are too strong for a permanent dump. Buying the "blood" near the local low of $0.3941 offers a great Risk/Reward ratio.
2. The "Short" Opportunity ♥️ (Risky):
• Only consider a short if we break and close a 4-hour candle below $0.38. If that support fails, we could see a slide toward $0.32. However, shorting a fresh Binance listing with high utility is like playing with fire, nothing is impossible in this market.
→ Remember my friends high rewards comes with high risks, so trade very carefully, let's grow together 🤞🏻.
→ If you want to checkout this coin, you can check the tag below 👇🏻. Love you all 😘.
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