๐ฅ $BERA just came off a massive bullish impulse, and now weโre seeing the market cool down after that explosive move. After a rally like this, a short-term correction is healthy. On the 1H timeframe, bias is cautiously bearish for now โ a pullback looks likely before the next decision point.
Price action has been aggressive: a sharp push from 0.585 โ 0.745, roughly a 27% expansion in a very short window. Rallies of this magnitude typically retrace 50โ62% before continuation or reversal, so chasing here carries elevated risk.
Volume confirms the slowdown. The latest 1H candle printed around 308K, a huge drop compared to the 29M+ spike during the breakout. That kind of volume divergence often signals buyer exhaustion at higher levels.
Flows tell a mixed story. Short-term derivatives (5mโ30m) are seeing notable inflows (~$1.95M), suggesting speculative interest is still active. Meanwhile, spot markets are seeing consistent outflows, hinting that holders are taking profits into strength.
Trade ideas (not financial advice):
๐ป Short entries: 0.695โ0.705, or a relief bounce toward 0.72
๐ผ Long entries: Wait for a deeper pullback into 0.62โ0.64
Risk management:
โข Shorts SL: 0.72โ0.73 zone
โข Longs SL: Below 0.585 key support
Targets:
๐ฏ Shorts: 0.640 first (~8%), then 0.620 (~12%)
๐ฏ Dip-buy longs: Potential rebound toward 0.72โ0.74
So whatโs your approach here โ fade the extension or patiently buy the dip?