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$BREW
brew
BREWUSDT
Perp
--
-4.18%
‌ just got absolutely hammered, dropping from 0029617 all the way down to 0014000 in a single session. That is a brutal 52 percent crash. But here is what I am watching right now. Price is sitting right on top of the EMA30 at 0015345, and the MACD is still showing a positive histogram at 0000287. That tells me the selling might be overdone in the short term, and a bounce could be brewing.

If BREW can hold above 0015000 and reclaim 0016000, I am looking for a push back toward 0018000 and 0020000. But if it loses the EMA30, the next stop is likely 0013000.

Entry: 0015100 - 0015300
Stop Loss: 0014300
TP1: 0016200
TP2: 0017500
TP3: 0019000

Do you think BREW will bounce from this support, or is there more downside ahead? Drop your thoughts below.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
BREWBREW-4.18%
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LeekLighthouse
18 minutes ago
First Review
EMA30 is holding, and MACD has not yet formed a death cross, so this oversold rebound has a decent chance of continuing; first, watch whether volume can keep up.
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