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You’d be surprised how many people are completely ignoring this slow bleed on $BERA .
We’ve been in a nasty downtrend for a while now, but we just hit a fresh low at 0.354 and caught a tiny bounce. Currently sitting at 0.375, but the volume is pretty much non-existent. Usually, when a coin just grinds sideways like this after a big drop, it’s either accumulating or getting ready for one last flush.
The resistance at 0.414 is the main level I'm watching. We need to reclaim that to even start talking about a reversal. If we can't hold this 0.35 area, the next trapdoor might open pretty wide.
I’m staying patient here. I’d rather miss the first 5% of a move than get caught in a dead cat bounce while the trend is still clearly down.
The order book is looking a bit heavy on the sell side above 0.380. Keep your eyes open.
#BitcoinSpotVolumeNewLow