$BERA /USDT – Bearish Breakdown Imminent Below $3.80! 🔥
Current Price: $3.83 (+12.08%, momentum fading)
The $BERA
token is exhibiting signs of a classic descending triangle formation, where the market is seeing a series of lower highs and the price is now testing critical horizontal support at $3.80. With price action compressing, this setup is approaching a decisive breakdown point, signaling potential downside risk.
Key Resistance Levels:
$4.00 to $4.20 range
Price must break above this zone to suggest a bullish reversal.
Critical Support Level:
$3.80 serves as the key support, holding the current trend.
A breach below this level is likely to trigger further downside.
Breakdown Trigger:
A sustained candle close beneath $3.80 would confirm a bearish continuation and open the door for further declines.
Short Trade Setup:
Entry Zone: Consider entering between $3.78 and $3.82, as price action fails to break higher.
Target 1: $3.55 – a near-term support zone.
Target 2: $3.35 – potential downside extension.
Stop Loss: Place a stop at $3.90 to limit risk on unexpected price surges.
Market Sentiment & Strategy:
With volume showing signs of exhaustion and weak bounces off the critical $3.80 level, the market is indicating increasing seller dominance. Despite a +12.6% rally, upward momentum is starting to lose strength. A breakdown below $3.80, followed by a retest, presents a higher-probability entry for a short position.
Pro Tip: Stay patient and wait for a clean break of the support level at $3.80, followed by a retest to confirm the trend before taking action. Avoid chasing impulsive moves—focus on a high-probability setup for the most optimal risk/reward.
Bear Watch Alert: The downward pressure is building, and a sharp decline could be on the horizon as the market nears a critical inflection point. Be ready to react if the breakdown occurs!