$BERA
BERA/USDT Analysis Using Fibonacci
1. Fibonacci Retracement
Fibonacci retracement helps identify potential support and resistance levels after a strong upward move.
• Top: 15.500 USDT
• Bottom: 1.000 USDT
• Important Fibonacci Retracement Levels:
• 23.6% = 12.02 USDT (strong resistance)
• 38.2% = 10.18 USDT
• 50.0% = 8.25 USDT (current level is very close to it)
• 61.8% = 6.32 USDT (major support)
• 78.6% = 3.89 USDT (very strong support if the decline continues)
→ Analysis:
• The price is currently testing the 50% level (8.25 USDT), and if it is broken down, it is expected to drop to 6.32 USDT.
• If the price rebounds from 6.32 USDT, it may be a good buying opportunity.
2. Fibonacci Extension
The Fibonacci Extension is used to determine potential targets if the upward trend continues after the correction.
• Points used:
• Bottom at 1.000 USDT
• Top at 15.500 USDT
• Correction to 6.655 USDT
Extension levels:
• 100% = 21.15 USDT
• 161.8% = 28.77 USDT
• 261.8% = 42.00 USDT
→ Analysis:
• If 15.500 USDT is broken, the next target is expected to be 21.15 USDT.
• If the upward momentum continues, the price may reach 28.77 USDT.
3. Entry and Exit Points Based on Fibonacci
📌 Buy Trade (Long)
• Entry Point: 6,500 - 7,000 USDT (at 61.8% retracement)
• Targets:
• 1st Target (TP1): 10.18 USDT
• 2nd Target (TP2): 12.02 USDT
• 3rd Target (TP3): 15.50 USDT
