BREV's recent trend is worth paying attention to. After reaching the 0.59 level earlier, it clearly turned around and then continued to decline, with the drop accelerating. Currently, the price is trading below the moving averages, and you can see that there is no volume support during rebounds. Each rebound's high point is consecutively getting lower, and the bearish structure on the 1-hour chart has become very clear.



From the sentiment perspective, market enthusiasm is indeed waning. In a downward trend, rebounds are often good opportunities for bears to enter. Rather than trying to bottom fish during rebounds, it’s better to go with the trend.
BREV-4,36%
View Original
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.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
OnchainArchaeologistvip
· 01-10 04:48
Same old story, buy the dip when it rebounds? I think it's better to wait first. With such weak volume, how can I dare to bottom fish?
View OriginalReply0
CoffeeNFTsvip
· 01-09 03:00
Buying the dip is really easy to get trapped in. Let's wait and see with this wave of BREV.
View OriginalReply0
DegenDreamervip
· 01-08 10:04
It's the old tune of "going with the trend" again, but to be honest, the 0.59 wave really didn't hold. Looking at this bearish structure now, it's a bit uncomfortable.
View OriginalReply0
SchrodingerPrivateKeyvip
· 01-08 09:53
A rebound without volume is a bit dangerous. Once a bearish pattern is formed, it's hard to break.
View OriginalReply0
NFT_Therapyvip
· 01-08 09:44
Once the 0.59 level is broken, there's no turning back. This wave definitely needs to be shorted with the trend.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)