The dull knife cutting flesh is the most painful feeling, and many people are experiencing it now. Watching BREV fall from the high of 0.5464 all the way down, many retail investors who chased the high have long been trapped in the middle of the mountain.
To put it simply, this wave of market movement is a classic peak reversal. The 8-hour K-line chart makes it clear—after a violent surge, the market quickly recedes. Currently, it is consolidating with reduced volume around 0.37, which seems like a recovery but is actually more like a weak rebound after a sharp decline, following the logic of a bear flag pattern.
The key resistance now is in the 0.40-0.42 range. Why? Because the trapped positions are too heavy. The selling pressure above is enough to dampen the bulls' enthusiasm for a counterattack. Technical indicators also tell the story—bearish alignment remains, with no signs of strengthening. If the price cannot effectively break through the 0.390 level with increased volume, it can be basically judged that the market will continue to decline.
From a technical pattern perspective, it is highly probable that the price will test the previous low support around 0.3150 again. Going further down, 0.3200 and 0.3000 are also within the possible target range.
The trading strategy is very clear: short on rallies, with entries around 0.3750-0.3880, and stop-loss set at 0.4050. If the trend continues as expected, there is profit potential at 0.3500, 0.3200, and 0.3000. The key is to wait for the price to rally before acting—don’t rush to buy the bottom.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
21 Likes
Reward
21
10
Repost
Share
Comment
0/400
just_here_for_vibes
· 01-14 06:13
Another wave of cutting leeks, those chasing the high really need to learn a lesson.
View OriginalReply0
OnchainFortuneTeller
· 01-13 06:07
It's another story of being exploited, and honestly, it's starting to wear me out.
View OriginalReply0
DegenRecoveryGroup
· 01-12 05:35
Another martyr who got chopped for chasing the high. It seems BREV is playing pretty aggressively this time.
Honestly, I wouldn't believe in a rebound unless the 0.39 level is broken. The bearish arrangement is so obvious.
See you at 0.31.
View OriginalReply0
HodlKumamon
· 01-12 00:33
Speaking of which, this wave of BREV really has people stumped. With such heavy trapped positions, no wonder the rebound is weak.
Based on data statistics, only when it breaks 0.39 will there be hope; otherwise, it will continue to decline.
Don't rush to buy the dip, everyone. Wait until it surges higher before making a move.
View OriginalReply0
BrokeBeans
· 01-11 07:53
Another story of chasing highs and getting trapped; Bankrupt DouDou feels very relatable.
View OriginalReply0
BoredWatcher
· 01-11 07:51
It's the same story of chasing the high and getting trapped again; I've seen it too many times, it's frustrating.
View OriginalReply0
AltcoinHunter
· 01-11 07:40
Another feast of selling losses, my friends are experiencing what "pain" really means.
From 0.54 to 0.37, I've seen this pattern too many times. Every time people swear this time is different.
The bear flag formation analysis is decent, but the question is who would really dare short at 0.375? The rebound traps keep happening over and over.
I'll believe it when the price truly breaks 0.31. Saying it's highly probable now is too premature.
I'm saying, the brothers who are locked in positions must feel so frustrated right now. Watching others analyze everything perfectly while they can only hold their positions and wait for death.
Whether it breaks support or not, the real issue is the volume is so weak. Who would go all-in with this? This is just a death spiral of declining volume.
Wait, if it really falls to 0.3 as expected, I'll buy the dip. But the problem is I've already run out of ammunition, haha.
I'd rather miss it than chase shorts. That's the only lesson I learned from this round. Everything else is just talk.
View OriginalReply0
MEVHunter
· 01-11 07:40
yo this bear flag setup is textbook... watched the mempool before the dump, toxic flow everywhere. shorts printing rn honestly
Reply0
NFTFreezer
· 01-11 07:31
Another story of a trapped rookie investor being caught in a trap
View OriginalReply0
MetaMasked
· 01-11 07:24
Another one bought high and got cut, this is the gambler's fate.
The dull knife cutting flesh is the most painful feeling, and many people are experiencing it now. Watching BREV fall from the high of 0.5464 all the way down, many retail investors who chased the high have long been trapped in the middle of the mountain.
To put it simply, this wave of market movement is a classic peak reversal. The 8-hour K-line chart makes it clear—after a violent surge, the market quickly recedes. Currently, it is consolidating with reduced volume around 0.37, which seems like a recovery but is actually more like a weak rebound after a sharp decline, following the logic of a bear flag pattern.
The key resistance now is in the 0.40-0.42 range. Why? Because the trapped positions are too heavy. The selling pressure above is enough to dampen the bulls' enthusiasm for a counterattack. Technical indicators also tell the story—bearish alignment remains, with no signs of strengthening. If the price cannot effectively break through the 0.390 level with increased volume, it can be basically judged that the market will continue to decline.
From a technical pattern perspective, it is highly probable that the price will test the previous low support around 0.3150 again. Going further down, 0.3200 and 0.3000 are also within the possible target range.
The trading strategy is very clear: short on rallies, with entries around 0.3750-0.3880, and stop-loss set at 0.4050. If the trend continues as expected, there is profit potential at 0.3500, 0.3200, and 0.3000. The key is to wait for the price to rally before acting—don’t rush to buy the bottom.