$BREV /USDT just printed a strong bounce – but what actually caused the pump?
Price is around 0.166 after a +15% move. On the 15m chart we can see a classic combination of liquidity sweep → aggressive reaction → short covering → cooling off.
1) The trigger: liquidity below 0.162
Price wicked down to the 0.1616 area and immediately snapped back. That kind of fast rejection usually means stops from late longs were taken and buyers stepped in with size. The long lower wick is the footprint.
2) Momentum ignition
After the sweep, we got a sequence of strong green candles with expanding volume. That’s not retail FOMO alone; it’s typically larger orders hitting the book and forcing sellers to pull.
3) Short covering fuel
Traders who shorted the breakdown had to exit when price reclaimed the short-term averages. Their market buys add extra upward pressure → acceleration toward 0.19.
4) Where the rally stalled
Around 0.193–0.195 supply showed up hard:
Prior intraday high
Psychological round zone
Sellers defended and pushed price back below MA(25)
So the move turned from impulse → distribution.
What the chart says now
Price is sitting under MA(7) and MA(25) on 15m → short-term momentum cooled.
MA(99) is still below and rising → bigger structure not destroyed.
Volume faded after the spike → buyers are waiting for confirmation.
This usually means consolidation or another fake move before the next real direction.
Key levels traders are watching
Support
0.161–0.162 (where the pump started)
Lose this → momentum likely resets lower.
Resistance
0.175–0.177 first barrier
0.193–0.195 major supply / breakout level
A clean reclaim of 0.195 with volume could reopen continuation. Repeated rejections there increase probability of a deeper pullback.#MarketRally #WhaleDeRiskETH #BREVTradingCampaign
