#BERAonBinanceFuture
Dear Followers,
I've noticed that following #TRUMP's decline, many traders have lost confidence in newly launched coins. However, this is a misconception. Unlike $TRUMP , $BERA debuted at $11, briefly dipped to $1, surged to an all-time high (ATH) of $15, and has remained above $6 for the past two days. Therefore, comparing #BERA to #TRUMP and other meme coins is not justified.
$BERA/USDT Price Action: Volatility Signals Imminent Move ❗
Currently, $BERA/USDT is trading at $7.529, experiencing a sharp correction of -10.41%. After testing resistance at $8.550, the price has retraced toward key support zones, signaling the potential for a breakout or further consolidation.
Long Trade Setup
Entry Price: $7.52
Resistance Levels:
TP1: $8.00
TP2: $8.55
TP3: $9.20
Stop-Loss: $7.10
Strategy: If the price reverses above $7.52 with increasing volume, a recovery toward immediate resistance at $8.00 and higher levels could be expected. Momentum confirmation is crucial.
Short Trade Setup
Entry Price: $7.52
Support Levels:
TP1: $7.00
TP2: $6.50
TP3: $6.00
Stop-Loss: $8.00
Strategy: If the price falls below $7.50 with strong bearish momentum, a decline toward lower support zones is likely. Tight stop-losses are recommended for effective risk management.
Market Insight
The market is currently showing reduced volatility with strong sell-side pressure. The $7.50 level is a critical point to monitor for a decisive move. Risk management remains essential amid increased market uncertainty.
