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Looking at the recent BREV market, it belongs to the classic weak consolidation trap that induces buying.
On the four-hour chart, the price peaked at 0.4244 and then showed no signs of recovery, continuing downward. The MACD red histogram is shrinking and is about to turn green. The RSI indicator is also not holding back; at 49.33, it is clearly declining with no momentum for a rebound. Looking above, the MA60 moving average is firmly pressing down at 0.4193, and the main force has no desire to push it up, making the signal unmistakably clear.
In this situation, the current price of 0.3893 is a good entry point for shorting. Set the stop-loss at the resistance level of 0.4000, and if it cannot break through, it confirms the weak trend. The target price is first set at 0.3700; if broken, it can continue towards 0.3600.
For trend traders, just hold patiently. Once the downtrend is confirmed, add to your position. Short-term traders should not chase high out of excitement; wait for the correction to complete and the trend to become clear before following up. That’s the way to make money.