Signals for $Brett
Entry Range: $0.0680 - $0.0685
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Action: Short Position
SL: $0.0720 USD (Above key resistance level)
TP: $0.0610 - $0.0650
The price of Brett (Based) has shown a strong downtrend, down by 15.11% in the past 24 hours, indicating potential for further price correction. At the current price of $0.068330, the asset seems to be consolidating within a narrow range, which suggests indecision in the market. If the price breaks below the consolidation range, it is likely to continue falling towards key support levels at $0.0610 and $0.0650, providing a solid short opportunity.
A stop-loss is recommended above $0.0720, which lies near a significant resistance level. If the price re-tests this level and fails to break higher, it can provide confirmation for a short position. For scalping, the recommended take-profit levels of 3% to 15% can be targeted depending on the price action and momentum during the trade.
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🚨Note: Trade at your own risk. DYOR.