Based on the BERAUSDT Perp chart you shared, here’s a quick breakdown of your proposed trade:
Entry – Current price ~0.9000
Take Profit – 0.9344
Stop Loss – 0.8900
Risk/Reward
· Risk: 0.9000 → 0.8900 = 0.0100 (≈1.11%)
· Reward: 0.9000 → 0.9344 = 0.0344 (≈3.82%)
· R/R ratio = 1 : 3.44 – quite attractive.
Technical Context
· Price is trading near the 0.9000 level, which is a psychological round number and also a previous support/resistance pivot (visible on your chart).
· The 0.9344 target is just below the visible resistance level of 0.9357 (+3.97% from 0.9000) and also under the 0.9444 high.
· Stop at 0.8900 is tight – below the current mark price (0.8999) but above the next visible support at 0.8603. If this level breaks, you might avoid a deeper drawdown.
· RSI(6) = 48.99 – neutral, no overbought/oversold signal.
· Volume appears high (24h Vol 1.51B BERA), indicating strong interest.
Points to Consider
1. Market context – BERA is up ~80% in 24h; this is a highly volatile move. Your stop is only 1% away, which could be triggered by normal fluctuation in such momentum.
2. Bitcoin mention – If you meant to apply this setup to BTC, be aware the asset and market structure are completely different. The screenshot shows BERA, not Bitcoin.
3. Position sizing – With a tight stop, ensure your size aligns with your risk tolerance.
Would you like me to adjust the levels or check any other timefram $BERA