๐จ $BR IS SITTING ON A POWDER KEG๐ฏ๐จ
After a nearly +40% explosion, BR is still trapped under the $0.99 high, while leverage has rebuilt aggressively near the top.
As long as BR keeps failing below $0.99โ$1.00, this looks vulnerable to a brutal long squeeze.
A clean loss of $0.86 could open the door toward $0.80 โ $0.74 โ $0.68 very quickly.
โ ๏ธ One more sweep of the highs is possible first โ but this is exactly the kind of structure where late longs can get trapped in seconds.
I am definitely interested in short again
Targets
0.920
0.900
0.860
0.800
0.700
Sl:1.065
This coin is highly Volatile and RISKY .Use very low leverage and Try to keep liquidation far away
Always DYOR
Click and Short ๐$BR
#BR #HKCompletesFirstHKDStablecoinUseCase
After a nearly +40% explosion, BR is still trapped under the $0.99 high, while leverage has rebuilt aggressively near the top.
As long as BR keeps failing below $0.99โ$1.00, this looks vulnerable to a brutal long squeeze.
A clean loss of $0.86 could open the door toward $0.80 โ $0.74 โ $0.68 very quickly.
โ ๏ธ One more sweep of the highs is possible first โ but this is exactly the kind of structure where late longs can get trapped in seconds.
I am definitely interested in short again
Targets
0.920
0.900
0.860
0.800
0.700
Sl:1.065
This coin is highly Volatile and RISKY .Use very low leverage and Try to keep liquidation far away
Always DYOR
Click and Short ๐$BR
#BR #HKCompletesFirstHKDStablecoinUseCase