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Previous high resistance(
🚀Target 2: 0.616 )Breakout of the high of the candle(
Hardcore Logic: The price has gained over 50% within a single 4H candle, accompanied by a surge in volume and open interest. This is a typical signal of institutional capital entering the market, rather than just retail FOMO. After the breakout, the price did not quickly fall back but instead consolidated around 0.515 (the midpoint of the breakout candle), with sparse sell orders, indicating limited profit-taking pressure. The negative funding rate continues to attract arbitrage buy orders, creating positive feedback. As long as the price stays above 0.464 (a healthy retracement at the Fibonacci 0.382 level and below the breakout candle’s low), the structure remains intact. A pullback here presents a low-risk entry opportunity.
Trade here 👇 )
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$BERA
#Is the current market bottoming out or just waiting on the sidelines?