Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
BERA's recent performance has attracted attention. After reaching a high of 1.0366, the price encountered significant resistance and began to decline. From the 4-hour chart, trading volume shows clear signs of contraction, which usually indicates that the rebound momentum is weakening. The RSI indicator is approaching the overbought zone and shows a noticeable turning signal, making the subsequent upward push uncertain.
On the market, it can also be seen that the previously trapped chips are forming pressure. Once this type of pressure triggers a downward move, it often accelerates the adjustment process. In the short term, the rebound momentum is already quite limited, and it is likely to enter a consolidation phase to prepare for a possible correction.
From a trading perspective, around 0.93 can be used as an entry reference point. For risk management, setting a stop-loss around 0.98 is more reasonable. If the trend develops downward as expected, the 0.85 level is an attractive target. Of course, actual operations should be flexibly adjusted based on individual risk tolerance and real-time market performance.