BRETT Continues To Trade At Support Level 🚨

Brett has been trading in a bull flag for more than two months. During that time, the token made several unsuccessful attempts to breakout of the flag.

Conversely, the latest sell-off temporarily pushed the price below the lower trend line. However, Brett moved back into the channel quickly.

➡️ Where are we now?

Although Brett trades back in the bull flag, it hasn't been able to gain substantial momentum. Conversely, it remained close to the support line. Additionally, a break of the short-term downtrend (EMA25) was rejected. As a result, Brett trades in a clear downtrend on the 4H chart (price below EMA200, 100, and 25).

🧐 What to do?

I am cautious with short-term long trades. Since the trend clearly shows a downtrend, you will only go short at this time. As the first promising signal, we need the price to move above the EMA25 and, even better, the EMA25 to move above the EMA100. Until then, I will keep my feet still. No trade position is a position, too!

$BRETT #BRETT